Weekly Jobless Claims Up To 329,000 As Durable Goods Orders Jump

This falls below expectations, but better news is that durable good orders jumped.

Good and bad news from the US: durable goods orders rose by 2.6% and core orders by 2%. The rise in the core figure is a big positive surprise. However, weekly jobless claims jumped to 329K. At least continuing claims fell to 2.68 million. US weekly jobless claims were expected to stand at 310K. They stood on a low level of 304K last week (before revisions). Durable goods orders were expected to rise by 2% in March after 2.2% in February (before revisions). Core orders carried expectations for an advance of 0.6% after 0.1% beforehand.

By: Alan

Alan Colmes is the publisher of Liberaland.