By Graham Summers – Re-Blogged From http://www.Gold-Eagle.com
Yet another “unmassaged” data point has shown that the US economy is rolling over.
If you’ve been reading me for a while you know that one of my biggest pet peeves is the fact that headline US economic data (GDP growth, unemployment, inflation, etc.) is massaged to the point of being fiction.
For this reason, in order to get a real read on the economy, you have to look for economic metrics that are unpopular enough that the beancounters don’t bother adjusting them.
Case in point, look at the latest employment trend for S&P 500 companies (H/T Sam Ro).