Factory Orders & Pre Non Farms Payroll
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
A Pre Non Farms Payroll report by Automated Data Processing and Macroeconomic Advisers had private, nonfarm employment growing 368K on a seasonally adjusted basis last month. The report does not include government hiring and firing.
The report comes ahead of Friday's government payrolls report, which had been expected to show jobs growth of 170K after two months of tepid employment expansion.
Bonds took a dive as yield on the 10 year note rose from 5.15 to 5.24.
Factory Orders +0.7% vs prior 02%.
Inside the number: non durable goods +1.6%, durable goods -0.2%.
Behind the durable goods fall, a sharp 2.6% decline in orders for transportation equipment. Ex-transportation equipment, May factory orders +1.2%.
Shipments +2.2%, unfilled orders +0.6%, the 12th increase in the last 13 months. Nondefense capital goods, an accurate measure of economic activity -2.3% vs prior -6.5%, showing a slowing.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
A Pre Non Farms Payroll report by Automated Data Processing and Macroeconomic Advisers had private, nonfarm employment growing 368K on a seasonally adjusted basis last month. The report does not include government hiring and firing.
The report comes ahead of Friday's government payrolls report, which had been expected to show jobs growth of 170K after two months of tepid employment expansion.
Bonds took a dive as yield on the 10 year note rose from 5.15 to 5.24.
Factory Orders +0.7% vs prior 02%.
Inside the number: non durable goods +1.6%, durable goods -0.2%.
Behind the durable goods fall, a sharp 2.6% decline in orders for transportation equipment. Ex-transportation equipment, May factory orders +1.2%.
Shipments +2.2%, unfilled orders +0.6%, the 12th increase in the last 13 months. Nondefense capital goods, an accurate measure of economic activity -2.3% vs prior -6.5%, showing a slowing.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
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