Economic Reports 12/27/07
Summary: Headline reads "durable orders edge up after 3 month decline"... Pointing to further economic downturn...
2nd straight decline in core capital goods and a 75K increase to the highest continuing unemployment in two years.
Durable Orders Nov +0.1% vs prior -0.4% Full Report
Inside the number: Ex transport new orders -0.7%. Non defense capital goods shipments ex aircraft -0.4% vs prior -0.6% and orders -0.4% vs prior -2.9%
Initial Claims 12/22 +1K at 349K vs prior 348K Full Report
Inside the number: prior revised up 2K. 4 week MA -1K at 342.5K Continuing unemployment +75K at 2.713M; 4 week MA +13.5K at 2.644M
2nd straight decline in core capital goods and a 75K increase to the highest continuing unemployment in two years.
Durable Orders Nov +0.1% vs prior -0.4% Full Report
Inside the number: Ex transport new orders -0.7%. Non defense capital goods shipments ex aircraft -0.4% vs prior -0.6% and orders -0.4% vs prior -2.9%
Initial Claims 12/22 +1K at 349K vs prior 348K Full Report
Inside the number: prior revised up 2K. 4 week MA -1K at 342.5K Continuing unemployment +75K at 2.713M; 4 week MA +13.5K at 2.644M
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