Recruiter.com
HOME | JOBS | NEWS Thursday, July 29, 2010
   

Economic News


Unemployment Claims Up
But Factory Orders Surge

 

A new report released showed a rise in American factories orders for big-ticket goods.
After a sharp fall in the previous month, the manufactures have begun to recover.

The Commerce Department reported that the rise in orders came after a 1.1 percent drop in January.
The majority of the decline was the result of the low demand for commercial airplanes.
The pick-up in February was a result of the bounce back in orders for commercial airplanes and parts.

Without including the widely swinging orders for transportation equipment, durable good orders dropped by .2 percent, the first drop since last November.
In the manufacturing report, the 0.3 percent rise in overall orders for big-ticket goods in February was weaker than some analysts were expecting.

Economists are now looking to determine how the rising inflation will affect different parts of businesses.

 




 
 
Recruiter Week Subscription