Unemployment Claims Jump and Factory Orders Drop

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

  1. Nova78
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    Nova78 Silver Member

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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
     
  2. Meister
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    Meister VIP Member Supporting Member

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    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
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    iamwhatiseem Gold Member

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    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
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    And then on top of all this sh*t, we KNOW gov't numbers are manipulated.
     
  5. pinqy
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    pinqy Gold Member

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    I know no such thing, and I know far more about government statistics than you do.

    But please, share your info.
     
  6. expat_panama
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    expat_panama Silver Member

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  7. pinqy
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    pinqy Gold Member

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

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    ARRRGH!!!!!

    I meant "up" and typed "down"

    Here's the figs:
    [​IMG]
     

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