Shock: “Unexpected” Jobs Data!

Talk about running jokes

Initial jobless claims fall less than expected. Durable goods rise less than expected. Ford posts its 1st annual profit in 4 years.

…First-time jobless claims fell by 8,000 to 470,000 from a revised 478,000 last week, the Labor Department reported this morning.

Economists had expected claims to have fallen to below 450,000 last week from a previously reported 482,000.

A separate report on durable goods orders showed a 0.3% increase in December to $167.9 billion after a revised 0.4% decline in November. Economists were looking for a gain of 1.7%.

Why does it feel like we’re living the Cheese Shop skit?

One Response to “Shock: “Unexpected” Jobs Data!”

  1. Greg Newsom says:

    It’s all over except the shouting.There’s nothing to turn the economy around. The big news was Apple coming out with the IPAD thius week.It was all-network news.
    The problem is it’s manufactured in Asia.Hello!!
    Do we see a problem here??

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