13:30 Dados States
8:30 AM ET, Jul 26, 2007 - 8 minutes ago
U.S. continuing jobless claims down 19,000 to 2.55 mln
U.S. 4-week avg. jobless claims down 4,000 to 308,500
U.S. weekly claims lowest since week of May 12
U.S. weekly jobless claims down 2,000 to 301,000
ECONOMIC REPORT: Initial jobless claims fall for third straight week; Claims remain at two-month low
By Greg Robb, MarketWatch Last Update: 8:30 AM ET Jul 26, 2007
WASHINGTON (MarketWatch) - Jobless claims fell for the third straight week, another sign that the U.S. labor market remains healthy.
The number of workers filing for state unemployment benefits fell by 2,000 to a seasonally adjusted 301,000 for the week ended July 21, the Labor Department reported Thursday.
This is the lowest level of claims in two months.
The four-week moving average of new claims - which smoothes out distortions caused by one-time events such as holidays and weather - fell by 4,000 to 308,500. This is the lowest reading since early June.
Economists had generally been expecting claims to increase, with the consensus hovering around 310,000.
Analysts at RBS Greenwich Capital said the jobless claims data should be interpreted with caution in the summer months given the possibility of seasonal-adjustment problems associated with annual auto-plant shutdowns.
Claims in the previous week were revised to a decrease of 6,000 to 303,000 compared with the initial estimate of a fall of 8,000 to 301,000.
The number of people continuing to collect unemployment benefits fell by 19,000 in the week ended July 14 to a seasonally adjusted 2.55 million. The four-week average of continuing claims rose by 15,000 to 2.55 million. This is the highest four-week moving average since the week ended March 10.
This indicates fewer Americans were laid off but the ones who've been let go are finding it harder to get work again.
The insured unemployment rate - the portion of all workers covered by unemployment insurance who are collecting benefits - stayed at 1.9%.
Initial claims represent job destruction, the level of continuing claims show how hard or easy it is for displaced workers to hind new jobs.
U.S. June durable-goods inventories up 0.2%
U.S. June durable-goods shipments fall 1.1%
U.S. June aircraft orders up 28.7%
U.S. June electronics orders down 4.6%
U.S. June durable-goods orders ex-transportation down 0.5%
U.S. June core capital-equipment orders fall 0.7%
U.S. June durable-goods orders up 1.4% vs. 2.5% expected
ECONOMIC REPORT: Capital spending weakens again in June; Aircraft demand lifts durable-goods orders by 1.4%, less than expected
By Rex Nutting, MarketWatch Last Update: 8:30 AM ET Jul 26, 2007
WASHINGTON (MarketWatch) - Capital spending by U.S. businesses weakened for a second straight month in June, while strong demand for airplanes pushed total orders for U.S.-made durable goods up by 1.4%, the Commerce Department reported Thursday.
Except for the red-hot aerospace sector, demand was tepid in June. Excluding transportation goods, orders fell 0.5%.
Orders for core capital equipment goods - the kinds of things businesses invest in to increase their productive capacity - fell 0.7% in June after dropping 1.5% in May.
The report on durable-goods manufacturing was weaker than expected. Economists were looking for a 2.5% increase in total orders, according to a survey conducted by MarketWatch.
Total orders fell an upwardly revised 2.3% in May on a one-month pause in aircraft orders.
The durable-goods orders are very volatile from month to month, especially in the aircraft sector. So far in the first six months of 2007, orders are up 0.2% compared with the same period a year ago.
The weak durable-goods report for June is somewhat at odds with other indicators of the manufacturing sector. The Institute for Supply Management index, for instance, registered 56.0% in June, consistent with 12% annual growth in capital spending, according to Ian Shepherdson, chief U.S. economist for High Frequency Economics.
Instead, capital spending is down 3.4% compared with last June.
Many economists have been expecting the strength in capital spending to offset soft consumer spending in the second quarter. The consensus for second-quarter growth ahead of Thursday's durable-goods report was 3.6% annualized, largely because inventories and net exports are expected to swing to the positive. The gross domestic product figures will be released Friday.
Details
Shipments dropped 1.1% in June after a 0.6% gain in May. Unfilled orders rose 1.5%, with almost all the gain coming from aircraft. Inventories rose 0.2%.
Orders for transportation goods rose 6.1%, including a 29% increase in bookings for civilian aircraft. Orders for motor vehicles fell 1.4%. Shipments of transportation goods fell 1.1%.
Orders for computers and electronics (excluding semiconductors) fell 4.6%, including a 13% drop in demand for communications equipment. Shipments of electronics (including semiconductors) fell 4%.
Orders for machinery rose 2.6%. Shipments fell 0.2%.
Orders for electrical equipment rose 1.5%. Shipments rose 0.3%.
Orders for fabricated metals rose 1.7%. Shipments fell 0.5%.
Orders for primary metals fell 3.6%. Shipments fell 1.4%.
Orders for nonaircraft nondefense capital (the "core") goods fell 0.7%, while shipments fell 0.4%.
U.S. continuing jobless claims down 19,000 to 2.55 mln
U.S. 4-week avg. jobless claims down 4,000 to 308,500
U.S. weekly claims lowest since week of May 12
U.S. weekly jobless claims down 2,000 to 301,000
ECONOMIC REPORT: Initial jobless claims fall for third straight week; Claims remain at two-month low
By Greg Robb, MarketWatch Last Update: 8:30 AM ET Jul 26, 2007
WASHINGTON (MarketWatch) - Jobless claims fell for the third straight week, another sign that the U.S. labor market remains healthy.
The number of workers filing for state unemployment benefits fell by 2,000 to a seasonally adjusted 301,000 for the week ended July 21, the Labor Department reported Thursday.
This is the lowest level of claims in two months.
The four-week moving average of new claims - which smoothes out distortions caused by one-time events such as holidays and weather - fell by 4,000 to 308,500. This is the lowest reading since early June.
Economists had generally been expecting claims to increase, with the consensus hovering around 310,000.
Analysts at RBS Greenwich Capital said the jobless claims data should be interpreted with caution in the summer months given the possibility of seasonal-adjustment problems associated with annual auto-plant shutdowns.
Claims in the previous week were revised to a decrease of 6,000 to 303,000 compared with the initial estimate of a fall of 8,000 to 301,000.
The number of people continuing to collect unemployment benefits fell by 19,000 in the week ended July 14 to a seasonally adjusted 2.55 million. The four-week average of continuing claims rose by 15,000 to 2.55 million. This is the highest four-week moving average since the week ended March 10.
This indicates fewer Americans were laid off but the ones who've been let go are finding it harder to get work again.
The insured unemployment rate - the portion of all workers covered by unemployment insurance who are collecting benefits - stayed at 1.9%.
Initial claims represent job destruction, the level of continuing claims show how hard or easy it is for displaced workers to hind new jobs.
U.S. June durable-goods inventories up 0.2%
U.S. June durable-goods shipments fall 1.1%
U.S. June aircraft orders up 28.7%
U.S. June electronics orders down 4.6%
U.S. June durable-goods orders ex-transportation down 0.5%
U.S. June core capital-equipment orders fall 0.7%
U.S. June durable-goods orders up 1.4% vs. 2.5% expected
ECONOMIC REPORT: Capital spending weakens again in June; Aircraft demand lifts durable-goods orders by 1.4%, less than expected
By Rex Nutting, MarketWatch Last Update: 8:30 AM ET Jul 26, 2007
WASHINGTON (MarketWatch) - Capital spending by U.S. businesses weakened for a second straight month in June, while strong demand for airplanes pushed total orders for U.S.-made durable goods up by 1.4%, the Commerce Department reported Thursday.
Except for the red-hot aerospace sector, demand was tepid in June. Excluding transportation goods, orders fell 0.5%.
Orders for core capital equipment goods - the kinds of things businesses invest in to increase their productive capacity - fell 0.7% in June after dropping 1.5% in May.
The report on durable-goods manufacturing was weaker than expected. Economists were looking for a 2.5% increase in total orders, according to a survey conducted by MarketWatch.
Total orders fell an upwardly revised 2.3% in May on a one-month pause in aircraft orders.
The durable-goods orders are very volatile from month to month, especially in the aircraft sector. So far in the first six months of 2007, orders are up 0.2% compared with the same period a year ago.
The weak durable-goods report for June is somewhat at odds with other indicators of the manufacturing sector. The Institute for Supply Management index, for instance, registered 56.0% in June, consistent with 12% annual growth in capital spending, according to Ian Shepherdson, chief U.S. economist for High Frequency Economics.
Instead, capital spending is down 3.4% compared with last June.
Many economists have been expecting the strength in capital spending to offset soft consumer spending in the second quarter. The consensus for second-quarter growth ahead of Thursday's durable-goods report was 3.6% annualized, largely because inventories and net exports are expected to swing to the positive. The gross domestic product figures will be released Friday.
Details
Shipments dropped 1.1% in June after a 0.6% gain in May. Unfilled orders rose 1.5%, with almost all the gain coming from aircraft. Inventories rose 0.2%.
Orders for transportation goods rose 6.1%, including a 29% increase in bookings for civilian aircraft. Orders for motor vehicles fell 1.4%. Shipments of transportation goods fell 1.1%.
Orders for computers and electronics (excluding semiconductors) fell 4.6%, including a 13% drop in demand for communications equipment. Shipments of electronics (including semiconductors) fell 4%.
Orders for machinery rose 2.6%. Shipments fell 0.2%.
Orders for electrical equipment rose 1.5%. Shipments rose 0.3%.
Orders for fabricated metals rose 1.7%. Shipments fell 0.5%.
Orders for primary metals fell 3.6%. Shipments fell 1.4%.
Orders for nonaircraft nondefense capital (the "core") goods fell 0.7%, while shipments fell 0.4%.