Lowest Jobless Claims Since 1969

With Thanksgiving tomorrow, there’s a crush of economic news today. The Jobless Claims report fell to 199,000. That’s the lowest since November 15, 1969. Last year, Jobless Claims peaked at over 20 times the current level.

The Q3 GDP growth report was revised from 2% up to 2.1%. That’s annualized and inflation-adjusted.

Durable goods orders fell 0.5% while Wall Street had been expecting an increase of 0.3%.

However, excluding transportation, durable goods orders increased 0.5%, and excluding defense they were up 0.8%.

Nondefense new orders for capital goods, a proxy for business investment, fell 1.2% for the month. However, shipments, unfilled orders and inventories all rose.

The market is down so far this morning.

Posted by on November 24th, 2021 at 10:52 am


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