Unemployment Claims Jump and Factory Orders Drop

Nova78

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Dec 19, 2011
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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
 
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.
 
That article's three weeks old, it's not news. Today's claims report is down more but the orders report's coming out tomorrow. Last month's orders dropped 1.1% but new information has caused the number to be revised.


We now know orders dropped 1.4%.

UI claims went up last week according to today's release: ETA Press Release: Unemployment Insurance Weekly Claims Report
 

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