Free Markets, Free People

Economic Statistics for 29 Jul 13

Here are today’s statistics on the state of the economy:

Rising mortgage rates have dropped June’s Pending Home Sales Index by -0.4% to 110.9.

The Dallas Fed Manufacturing Survey fell 2.1 points in June to 4.4. The production index fell 6.3 points to 11.4.

Dale Franks
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One Response to Economic Statistics for 29 Jul 13

  • Let’s put things into better perspective. Under President Bush ,we had a higher percentage of people working and less people on the government doll. In 2008, at the onset of the recession, 28.2 million people were enrolled in The most recent Supplemental Assistance Nutrition Program (SNAP). At the end of 2012, the total number was 47.8 million people.  In fiscal 2008, the last full year before President Barack Obama took office, there were 58,794,000 Medicaid enrollees. A record 72,600,000 were enrolled in Medicaid for at least one month in fiscal 2012, up from 71,700,000 in fiscal 2011. And this is just scratching the surface. How about underemployment? Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives. These numbers don’t lie.