Factory orders are collapsing. Inventories are at recession cycle highs. Manufacturing ISM and PMIs are plunging… so Dear BLS, please explain the following chart?
ISM Manufacturing employment has crashed to cycle lows… BLS claims manufacturing added 29k jobs – the most in over a year…
Double-seasonally-adjusted, everything is awessome!! Just don’t tell the real workers in real American factories.
via Zero Hedge http://ift.tt/23NxfaD Tyler Durden