Thursday, June 24, 2010

Economic Headlines;US jobless claims US Durable Goods 06.24.10

X-31, F-15 ACTIVE, SR-71, F-106, F-16XL, X-38,... 
Economic Headlines
· US jobless claims - Following the jump in claims last week, initial jobless claims for the week ending June 19 decreased to 457,000 from the prior week’s revised value of 476,000, returning close to the June 5 level. This is a slight improvement over the values we have seen over the past month with the four-week moving average decreasing 1,500 to 462,750. Continuing claims dropped off for the week ending June 12, decreasing by 45,000 to 4,548,000.   
· US Durable Goods - The details of the May durable goods report were quite solid and signal that business capital spending is still on a firming trajectory. Although headline durable orders fell 1.1%, this decline was entirely due to a fall-off in the volatile aircraft category, which had surged forward in April. The more important core capital goods category (which excludes aircraft and defense capital equipment) saw orders rise 2.1% and shipments increase 1.6%. 
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