Unexpectedly, the Economy is Worsening

Unexpectedly again.

The U.S. added only 38,000 new jobs in May, showing "that job growth is also weakening."

Lay-offs are rising.

Manufacturing fell sharply in May.

Housing "prices continue on their downward spiral with no relief in sight," due to the huge numbers of  "houses for sale, foreclosures, tight credit and weak demand."

And to top it off, oil prices remain above $100 a barrel as the American dollar looks to weaken.