Is Economic Growth Sustainable?

In May, the U.S. unemployment rate dropped to 3.8%, as low as it's been since 2000, and the economy added 223,000 new jobs - more than the 190,000 expected.

The manufacturing purchasing managers index, in the past, dropped below 50 right before a recession hits. While May's reading of 58.7 was off from record-highs of the past year, the latest numbers were strong and nowhere near signaling a slowdown.

Meanwhile, new orders coming into manufacturers, which are not shown here, soared last month to 63.7, according to the Institute for Supply Management. That's a booming level for manufacturing, which accounts for about 12% of the total economy in the U.S., and the new orders index is a forward-looking benchmark of what's to come in the weeks immediately ahead.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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