- Aug 4, 2009
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Economy: Factory orders increase, jobless claims fall - USATODAY.com
WASHINGTON (AP) Reports released Thursday show that the U.S. economy is still recovering, albeit it slowly, from the economic crisis.
The reports show:
Orders to U.S. factories increased in April as a big surge in demand for commercial aircraft offset weakness in a number of other areas.
Jobless benefit claims dropped 10,000 last week to a seasonally adjusted 453,000, according to the Labor Department.
The Commerce Department said that orders for manufactured goods increased 1.2% in April, a slowdown from a 1.7% rise in March. Excluding transportation, orders actually fell 0.5%, the poorest showing in 13 months. However, that drop followed a big 3.8% surge in March which had been the largest advance in six years.
So far in this recovery, the manufacturing sector has been one of the star performers, helped by a strong rebound in domestic demand and rising export sales
WASHINGTON (AP) Reports released Thursday show that the U.S. economy is still recovering, albeit it slowly, from the economic crisis.
The reports show:
Orders to U.S. factories increased in April as a big surge in demand for commercial aircraft offset weakness in a number of other areas.
Jobless benefit claims dropped 10,000 last week to a seasonally adjusted 453,000, according to the Labor Department.
The Commerce Department said that orders for manufactured goods increased 1.2% in April, a slowdown from a 1.7% rise in March. Excluding transportation, orders actually fell 0.5%, the poorest showing in 13 months. However, that drop followed a big 3.8% surge in March which had been the largest advance in six years.
So far in this recovery, the manufacturing sector has been one of the star performers, helped by a strong rebound in domestic demand and rising export sales