Unemployment claims rise [377,000], but so do orders for durable goods

[Perdogg]

http://www.usatoday.com/money/economy/story/2012-01-26/unemployment-claims-durable-goods/52800550/1

USA today - link only

[TomGuy]

Eric Bolling said on Fox&Friends this morning that it is likely 7% will become the new norm for ‘full’ employment.

It became 5% a few years ago.

I can still remember when it was 3%.

==

[ExTxMarine]

Unemployment claims rise {377,000], but so do orders for durable goods

I am sure that liberals and the MSM (but I repeat myself) read that as Unemployment claims rise {377,000], but so do orders for durable goods !

[ltc8k6]

But it was December...wouldn’t durable goods sales normally rise in December?

[Euroconservative]

Manufacturing is actually the only bright spot in US economy, with both exports and orders at record level: +40% and +45% in two years. But in such heavily consumption-driven economy, manufacturing still represents a small part. Americans are top exporters of industrial machinery, agricultural and construction equipment, medical equipment, semiconductors... Even the auto industry is back on its feet, with huge foreign investments like BMW in SC. And what about aerospace? About 1000 US-Made commercial airplanes, bizjets and civil helicopters are exported each year. And nearly half of all jet engines worldwide are built in America. Truly something to feel proud of.

[Euroconservative]

Tax break on equipment expired at the end of december. It may explain it.

[stocksthatgoup]

More and More 99ers can no longer claim UE benefits.
All their benefits are used up.

[builder]

tax break on equipment expired at the end of December. It may explain it. BINGO !! A Big part of it. But we are also selling much equipment overseas to countries that are doing much better than we are too.