The Fall-It’s becoming quite clear!

Greetings,

What you see is the downward spiral of America’s economy. She is in trouble. The spin and the tricks are no longer enough to keep the underline problems under wraps.

The sword within is now gutting her and hollowing out her economic prowess. The empire is grinding to a halt. How can she maintain her position globally when at home she is imploding?

US service sector slows, stocks fall

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The US economy’s service sector slowed in March and the stock market has opened lower amid very weak hiring last month, raising concerns about US economic growth.

The pace of growth in the US service sector fell in March to its lowest level in three months, the Institute for Supply Management (ISM) said in a report Monday.

The ISM’s services index fell to 56.5 last month from 56.9 in February. Economists surveyed by The Wall Street Journal had expected last month’s index to hold at 56.9.

Meanwhile, US stock index futures fell on Monday, putting Wall Street on track for a lower open on the first trading session since Friday’s worse-than-expected US jobs figures.

The Dow Jones Industrial Average was at 17,684.40, down 78.84 points (0.44 percent) five minutes into trade, according to AFP.

The S&P 500 stock market index fell 6.63 (0.32 percent) to 2,060.33, while the tech-rich Nasdaq index dropped 21.33 (0.44 percent) to 4,865.61.

The US Labor Department said on Friday that American companies added just 126,000 new jobs last month, which was far below analysts’ estimates.

The unemployment rate was unchanged at 5.5 percent because more people stopped searching for work and dropped out of the labor force.

The insignificant employment gains could raise concerns that the recent weakness in economic growth could be more fundamental rather than due to short-term factors.

Economists say that US economic activity slowed sharply over the past three months and gross domestic product was as low as a 0.6 percent on an annual pace.

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