New orders for long-lasting US manufactured goods edged higher in December and the number of workers filing applications for jobless aid fell last week, indicating the economy remains on a recovery path.
The commerce department said yesterday that durable goods orders rose 0.3 per cent last month, held back by a surprise drop in civilian aircraft orders that analysts saw as temporary.
On the jobs front, initial claims for state jobless benefits dropped 8,000 to 470,000. – (Bloomberg)
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