13:30 - Dados States
8:29am 11/24/04 U.S. CONTINUING CLAIMS AT LOWEST LEVEL SINCE MAY 2001
8:29am 11/24/04 U.S. CONTINUING JOBLESS CLAIMS DOWN 29,000 TO 2.76 MLN
8:29am 11/24/04 U.S. 4-WEEK AVG. JOBLESS CLAIMS LOWEST SINCE NOV. 2000
8:29am 11/24/04 U.S. 4-WEEK AVG. JOBLESS CLAIMS DOWN 6,750 TO 332,000
8:29am 11/24/04 U.S. WEEKLY JOBLESS CLAIMS AT LOWEST LEVEL SINCE SEPT.
8:29am 11/24/04 U.S. WEEKLY JOBLESS CLAIMS DOWN 12,000 TO 323,000
8:30am 11/24/04 U.S. OCT. DURABLE GOODS DOWN 0.4% VS FORECAST UP 0.6%
8:30am 11/24/04 U.S. OCT. DURABLE GOODS DECLINE IS LARGEST SINCE AUGUST
8:30am 11/24/04 U.S. SEPT. DURABLE GOODS ORDERS REVISED UP 0.9% VS 0.2%
ECONOMIC REPORT: U.S. weekly jobless claims fall 12,000; Four week moving average at four-year low
By Gregory Robb, CBS Marketwatch.com
Last Update: 9:26 AM ET Nov. 24, 2004
WASHINGTON (CBS.MW) - Initial claims for state unemployment benefits fell unexpectedly to 323,000 last week, down 12,000 from a week earlier, the Labor Department said Wednesday.
It's the lowest level since the week ended Sept. 4.
The size of the decline was unexpected. Economists were expecting only a slight decrease in initial claims, by 1,000 to 333,000 in the week ended Nov. 20, according to a survey conducted by CBS MarketWatch. Read Economic Calendar
The four-week moving average of new claims, which smoothes out distortions caused by one-time events such as weather, fell 6,750 to 332,000.
The Labor Department says the four-week average provides a more accurate snapshot of the labor market's strengths and weaknesses.
This is the lowest level of the four-week moving average since the week ended Nov. 18, 2000.
Meanwhile, the number of former workers receiving state unemployment checks fell by 29,000 to 2.76 million in the week ending Nov. 13. This is the lowest level of continuing claims since the week ended May 5, 2001.
The four-week average of continued claims dipped to a three year low of 2.79 million.
The insured unemployment rate, representing the percentage of eligible workers who are receiving benefits, remained at 2.2 percent.
ECONOMIC REPORT: U.S. durable goods off 0.4% in October; Unexpected drop follows September's revised 0.9% rise
By Corbett B. Daly, CBS MarketWatch
Last Update: 9:19 AM ET Nov. 24, 2004
WASHINGTON (CBS.MW) -- New orders for U.S.-made durable goods unexpectedly dropped 0.4 percent in October after the prior month's increase was revised sharply higher, the Commerce Department said Wednesday.
Economists had been anticipating orders would rise about 0.6 percent in October, according to a survey conducted by CBS MarketWatch.
Meanwhile, total orders rose a revised 0.9 percent in September, up from the 0.2 percent increase previously reported. Read the full report.
The impact of October's widespread decline, the second in three months, was softened by a rise in orders of transportation-related goods.
Excluding the 0.3 percent rise in transportation goods, orders for durable goods fell 0.7 percent in October. Excluding defense-related goods, new orders fell 1.5 percent on the month.
Orders for core capital goods, a proxy for business investment in equipment, fell 0.3 percent last month, while shipments of core capital goods rose 3 percent.
The dollar continued to trade at record lows against the euro and nearly five-month lows against the yen, failing to get any traction from the data.
Durable goods are expensive items meant to last three years or longer. New orders are a key leading indicator of the strength of the broader economy.
Steve Stanley, economist at RBS Greenwich Capital Markets, said the October durables report was softer than expected but demonstrated the volatility of the monthly figures.
'Throttling back'
"These surprises are tame," Stanley said, "the manufacturing sector continues to throttle back to a sustainable pace of advance after the initial burst in factory activity late last year and early this year."
Over the past year, orders have risen 11.2 percent, but the growth rate has weakened since March, when year-over-year orders were up by 15.9 percent.
Shipments of durable goods rose 0.6 percent in October and have risen 10.4 percent in the past year.
Shipments represent current production, which feed directly into data measuring economic growth. Orders point to future activity.
October's unfilled orders rose 0.6 percent, while inventories rose 0.5 percent, according to the Commerce Department.
Orders for electronics sank 5.7 percent, marking the largest drop in 11 months. The orders figure excludes semiconductors.
With semiconductors included, shipments of electronics fell 3.6 percent last month.
Monthly orders for machinery rose 3.7 percent, the largest gain since March. Shipments of machinery rose 4.6 percent.
The 0.3 percent increase in orders for transportation goods reflected growth of 35.2 percent in defense-related aircraft. Civilian aircraft and auto parts both fell.
Civilian aircraft orders slipped 0.4 percent, while orders for motor vehicles fell 2.8 percent. October's shipments of transportation goods fell 1.1 percent.
Orders for primary metals fell 2 percent, while orders for electrical equipment dropped 3.5 percent. Shipments of primary metals were unchanged while shipments of electrical goods rose 0.5 percent.
In a separate report, the Labor Department said the number of people filing for state unemployment insurance for the first time fell to the lowest level in nearly three months.
8:29am 11/24/04 U.S. CONTINUING JOBLESS CLAIMS DOWN 29,000 TO 2.76 MLN
8:29am 11/24/04 U.S. 4-WEEK AVG. JOBLESS CLAIMS LOWEST SINCE NOV. 2000
8:29am 11/24/04 U.S. 4-WEEK AVG. JOBLESS CLAIMS DOWN 6,750 TO 332,000
8:29am 11/24/04 U.S. WEEKLY JOBLESS CLAIMS AT LOWEST LEVEL SINCE SEPT.
8:29am 11/24/04 U.S. WEEKLY JOBLESS CLAIMS DOWN 12,000 TO 323,000
8:30am 11/24/04 U.S. OCT. DURABLE GOODS DOWN 0.4% VS FORECAST UP 0.6%
8:30am 11/24/04 U.S. OCT. DURABLE GOODS DECLINE IS LARGEST SINCE AUGUST
8:30am 11/24/04 U.S. SEPT. DURABLE GOODS ORDERS REVISED UP 0.9% VS 0.2%
ECONOMIC REPORT: U.S. weekly jobless claims fall 12,000; Four week moving average at four-year low
By Gregory Robb, CBS Marketwatch.com
Last Update: 9:26 AM ET Nov. 24, 2004
WASHINGTON (CBS.MW) - Initial claims for state unemployment benefits fell unexpectedly to 323,000 last week, down 12,000 from a week earlier, the Labor Department said Wednesday.
It's the lowest level since the week ended Sept. 4.
The size of the decline was unexpected. Economists were expecting only a slight decrease in initial claims, by 1,000 to 333,000 in the week ended Nov. 20, according to a survey conducted by CBS MarketWatch. Read Economic Calendar
The four-week moving average of new claims, which smoothes out distortions caused by one-time events such as weather, fell 6,750 to 332,000.
The Labor Department says the four-week average provides a more accurate snapshot of the labor market's strengths and weaknesses.
This is the lowest level of the four-week moving average since the week ended Nov. 18, 2000.
Meanwhile, the number of former workers receiving state unemployment checks fell by 29,000 to 2.76 million in the week ending Nov. 13. This is the lowest level of continuing claims since the week ended May 5, 2001.
The four-week average of continued claims dipped to a three year low of 2.79 million.
The insured unemployment rate, representing the percentage of eligible workers who are receiving benefits, remained at 2.2 percent.
ECONOMIC REPORT: U.S. durable goods off 0.4% in October; Unexpected drop follows September's revised 0.9% rise
By Corbett B. Daly, CBS MarketWatch
Last Update: 9:19 AM ET Nov. 24, 2004
WASHINGTON (CBS.MW) -- New orders for U.S.-made durable goods unexpectedly dropped 0.4 percent in October after the prior month's increase was revised sharply higher, the Commerce Department said Wednesday.
Economists had been anticipating orders would rise about 0.6 percent in October, according to a survey conducted by CBS MarketWatch.
Meanwhile, total orders rose a revised 0.9 percent in September, up from the 0.2 percent increase previously reported. Read the full report.
The impact of October's widespread decline, the second in three months, was softened by a rise in orders of transportation-related goods.
Excluding the 0.3 percent rise in transportation goods, orders for durable goods fell 0.7 percent in October. Excluding defense-related goods, new orders fell 1.5 percent on the month.
Orders for core capital goods, a proxy for business investment in equipment, fell 0.3 percent last month, while shipments of core capital goods rose 3 percent.
The dollar continued to trade at record lows against the euro and nearly five-month lows against the yen, failing to get any traction from the data.
Durable goods are expensive items meant to last three years or longer. New orders are a key leading indicator of the strength of the broader economy.
Steve Stanley, economist at RBS Greenwich Capital Markets, said the October durables report was softer than expected but demonstrated the volatility of the monthly figures.
'Throttling back'
"These surprises are tame," Stanley said, "the manufacturing sector continues to throttle back to a sustainable pace of advance after the initial burst in factory activity late last year and early this year."
Over the past year, orders have risen 11.2 percent, but the growth rate has weakened since March, when year-over-year orders were up by 15.9 percent.
Shipments of durable goods rose 0.6 percent in October and have risen 10.4 percent in the past year.
Shipments represent current production, which feed directly into data measuring economic growth. Orders point to future activity.
October's unfilled orders rose 0.6 percent, while inventories rose 0.5 percent, according to the Commerce Department.
Orders for electronics sank 5.7 percent, marking the largest drop in 11 months. The orders figure excludes semiconductors.
With semiconductors included, shipments of electronics fell 3.6 percent last month.
Monthly orders for machinery rose 3.7 percent, the largest gain since March. Shipments of machinery rose 4.6 percent.
The 0.3 percent increase in orders for transportation goods reflected growth of 35.2 percent in defense-related aircraft. Civilian aircraft and auto parts both fell.
Civilian aircraft orders slipped 0.4 percent, while orders for motor vehicles fell 2.8 percent. October's shipments of transportation goods fell 1.1 percent.
Orders for primary metals fell 2 percent, while orders for electrical equipment dropped 3.5 percent. Shipments of primary metals were unchanged while shipments of electrical goods rose 0.5 percent.
In a separate report, the Labor Department said the number of people filing for state unemployment insurance for the first time fell to the lowest level in nearly three months.