Mixed Message? Jobless Claims & Durable Goods Orders Rise
January 26, 2012 at 10:41 AM EST
Initial jobless claims increased last week, but so did new orders for durable goods in December. It’s a mixed bag of news, but a closer look suggests that the economy’s capacity for growth continues to bubble. Let’s start with jobless claims. Last week’s sizable 21,000 increase to a seasonally adjusted 377,000 is disappointing, but it’s [...]
