Unemployment Claims Jump and Factory Orders Drop

Discussion in 'Economy' started by Nova78, Aug 23, 2012.

  1. Nova78
    Offline

    Nova78 Silver Member

    Joined:
    Dec 19, 2011
    Messages:
    1,941
    Thanks Received:
    257
    Trophy Points:
    98
    Location:
    Colorado
    Ratings:
    +300
    Unemployment Claims Jump and Factory Orders Drop | Wall Street Sector Selector

    Unemployment claims fail to establish a consistent downward trajectory while factory orders decline significantly.

    In the week ending July 28 the advance figure for seasonally adjusted initial claims was 365,000, an increase of 8,000 from the previous week’s revised figure of 357,000. The 4-week moving average was 365,500, a decrease of 2,750 from the previous week’s revised average of 368,250.

    The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending July 21, unchanged from the prior week’s unrevised rate.

    New orders for manufactured goods in June, down three of the last four months, decreased $2.1 billion or 0.5 percent to $465.8 billion, the U.S. Census Bureau reported today. This followed a 0.5 percent May increase. Excluding transportation, new orders decreased 1.8 percent.

    The illegals and the private sector are doing just fine though......Increased handouts,free housing,food,schooling, medical and welfare for illegals continue to climb at an alarming rate, its good to be an illegal and bad to be an American..... $3562723908.gif
     
  2. Meister
    Offline

    Meister Platinum Member Supporting Member

    Joined:
    Jan 15, 2009
    Messages:
    25,916
    Thanks Received:
    8,102
    Trophy Points:
    493
    Location:
    Conservative part of the Northwest
    Ratings:
    +8,108
    This news isn't good for Obama as we get closer to the elections. He has no defined plan to kickstart a robust economy.
     
  3. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    15,093
    Thanks Received:
    3,172
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,452
    I am here to tell you - August manufacturing will be lower still...our suppliers are scrambling as they raised their inventories for the annual Aug-Sept. rise in manufacturing. The rise has not occured, and now suppliers have high inventory.
    Prepare for a lousy raw material/manufacturing report especially for October.
     
  4. Mad Scientist
    Offline

    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    24,131
    Thanks Received:
    5,253
    Trophy Points:
    270
    Ratings:
    +8,055
    And then on top of all this sh*t, we KNOW gov't numbers are manipulated.
     
  5. pinqy
    Offline

    pinqy Gold Member

    Joined:
    Jun 8, 2009
    Messages:
    5,264
    Thanks Received:
    603
    Trophy Points:
    200
    Location:
    Northern Virginia
    Ratings:
    +1,090
    I know no such thing, and I know far more about government statistics than you do.

    But please, share your info.
     
  6. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,518
    Thanks Received:
    263
    Trophy Points:
    98
    Ratings:
    +283
  7. pinqy
    Offline

    pinqy Gold Member

    Joined:
    Jun 8, 2009
    Messages:
    5,264
    Thanks Received:
    603
    Trophy Points:
    200
    Location:
    Northern Virginia
    Ratings:
    +1,090
    UI claims went up last week according to today's release: ETA Press Release: Unemployment Insurance Weekly Claims Report
     
  8. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,518
    Thanks Received:
    263
    Trophy Points:
    98
    Ratings:
    +283
    ARRRGH!!!!!

    I meant "up" and typed "down"

    Here's the figs:
    [​IMG]
     

Share This Page