Associated Press Economics Writer Paul Wiseman apparently exhausted his supply of adjectives to describe the current state of the U.S. economy, and came up with a new one.
Today's news wasn't good. The Institute for Supply Management's Manufacturing Index plunged from 60.4% to 53.5%. While still indicating expansion (any value above 50% means that), it's the biggest one-month drop since January 1984, a factoid impressively relayed by the AP's David Wagner earlier today. ADP's private-sector payroll report showed only 38,000 jobs added in May, the lowest number since September. May car sales slumped.
So how did Paul Wiseman describe the economy? See after the jump (bolds are mine):