Hattip to Ed Morrissey at Hot Air. Orders for durable goods dropped a calamitous 13.2% in August, the worst decrease since 2009.
New orders for manufactured durable goods in August decreased $30.1 billion or 13.2 percent to $198.5 billion, the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases, was the largest decrease since January 2009 and followed a 3.3 percent July increase. Excluding transportation, new orders decreased 1.6 percent. Excluding defense, new orders decreased 12.4 percent. Transportation equipment, down following four consecutive monthly increases, had the largest decrease, $27.8 billion or 34.9 percent to $51.9 billion. Continue reading
In my brief life on earth I have not experienced such high unemployment amongst my family and friends this year than ever before. As each week passes I hear of another friend or acquaintance who has lost his or her job.
This is the worst recession I have seen and I don’t see any signs that it will let up for the next 9-12 months. So I find it appropriate that a simple request to all our readers to make time this evening prior to going to bed and include those that are unemployed, especially those with families and dependents in your prayers.
With extra time on our hands the unemployed can remain steadfastly busy by working on their faith through prayer and service. For when work does come around there will not be time for such activities.
The following prayer is a traditional Catholic prayer that I have used from time to time due to the nature of my work of being an independent contractor and one that helps to put life in proper perspective and order:
Dear Lord Jesus Christ,
You wanted all who are weary
To come to You for support.
Lord, I am worn out
By my inability to find work.
Guide my steps to a righteous path;
Give me the patience
To find opportunities with a future.
Calm my worries and fears
As my financial responsibilities mount.
Strengthen my resolve;
Embolden my heart to open doors;
Open my eyes to see life beyond rejections.
Help me believe in me.
Let me realize other ways
To bring about Your kingdom on earth.
Let me grow as a person
That I may be worthy
For Your greater glory.
In the name of the Father, Son, and Holy Spirit,
Saint Joseph has been especially helpful for me and I strongly recommend him for those seeking employment:
Dear Saint Joseph, you were yourself once faced with the responsibility of providing the necessities of life for Jesus and Mary. Look down with fatherly compassion upon me in my anxiety over my present inability to support my family. Please help me to find gainful employment very soon, so that this heavy burden of concern will be lifted from my heart and that I am soon able to provide for those whom God has entrusted to my care. Help us to guard against bitterness and discouragement, so that we may emerge from this trial spiritually enriched and with even greater blessings from God.