This Morning’s Economic Reports

There were two important economic reports this morning.

The Labor Department reported that initial unemployment claims fell by 2,000 to 370,000. The only problem is that last week’s number was revised up to 372,000 from 370,000.

The durable goods report showed an increase of 0.2%. However, when we take out transportation orders, there was a decrease of 0.6%.

Posted by on May 24th, 2012 at 8:45 am


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