fooledalot,
I take the day off to play golf and you guys let the economy go down hill. Will somebody get this under control.
** NEW APPLICATIONS FOR U.S. UNEMPLOYMENT BENEFITS rose last week
but stayed below the key 300,000 mark for the sixth straight week,
the government said Thursday, suggesting the job market remained
strong. First-time claims for state unemployment insurance
benefits rose a modest 4,000 to 289,000 for the week ended Aug.
28, from a revised 285,000 in the prior week. This matched the
forecasts of Wall Street economists. See
infobeat.com
** Orders placed with U.S. manufacturers increased in July, led by
demand for durable goods such as computers, industrial machinery
and defense hardware, Commerce Department statistics showed.
FACTORY ORDERS rose 2.1% to a seasonally adjusted $358.466 billion
in July. In June, factory orders rose a revised 0.8% to $351.128
billion, previously reported as a 0.7% gain. Analysts had expected
a 1.8% jump for July.
** The Labor Department said U.S. worker productivity grew more
slowly during the second quarter than first estimated, as the
overall economy cooled. NON-FARM PRODUCTIVITY, which shows worker
output per hour, rose 0.6% at an annual rate, previously reported
as a 1.3% gain. Analysts had expected the report to show second-
quarter productivity rose 0.9% after growing 3.6% in the first
quarter. |
