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View Diary: First-time unemployment benefit claims take steep drop, as does GDP and durable goods orders (74 comments)

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  •  Um this was horrible news today. (2+ / 0-)
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    George Hier, belzaboo

    "Meanwhile, the Bureau of Economic Analysis reported its third and final estimate of seasonally adjusted gross domestic product on an annualized basis for the second quarter was a weak 1.3 percent. That is down from the 1.7 percent and 1.5 percent reported jn the August and July estimates, respectively."

    A significant number of jobs are not created at 1.3%  gdp growth.

    "In a third report released today by the Census Bureau, orders for durable goods in August fell 13.2 percent, far more than the 5 percent a consensus of experts surveyed by Bloomberg had expected. Durable goods are those meant to last at least three years. The sharp drop, the largest in more than three years, followed three months of modest increases."

    This is horrible news.

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