Instant View: Durables up slightly in Dec; jobless claims fall (click here)
NEW YORK (Reuters) - New orders for long-lasting U.S. manufactured goods increased less than expected in December, restrained by an unexpected drop in civilian aircraft bookings, while jobless claims fell last week.KEY POINTS:
* The Commerce Department said durable goods orders rose 0.3 percent after a 0.4 percent decline in November, which had been reported as a 0.7 percent drop in the government's most recent report.
* The government this month revised down factory and durable goods orders data for November, citing a processing error. Analysts polled by Reuters forecast orders rising 2 percent last month on the basis of 59 aircraft orders received by Boeing, up from only nine in November.
* The report showed non-defense aircraft and parts orders tumbled 38.2 percent last month after a 40.0 percent drop the month before. Defense aircraft orders rose 14.7 percent after a 10.4 percent fall in November.
JOBLESS CLAIMS: The number of U.S. workers filing new applications for unemployment insurance fell last week in a sign of stronger labor market conditions, but the drop was less than expected, government data showed on Thursday....
1. Purpose. The purpose of this joint issuance from the Assistant Secretary of the
Employment and Training Administration and the Deputy Administrator of the Wage and Hour Division is to provide guidance to states that may be considering implementation of subsidized work-based training initiatives for unemployed workers, which could include
claimants who are receiving unemployment compensation (UC), exhaustees of UC, and/or other unemployed workers who may not be eligible for UC. This advisory is intended to help states understand applicable Federal laws, regulations, and policies
related to the Social Security Act and the Federal Unemployment Tax Act (which govern the Unemployment Compensation program), the Fair Labor Standards Act, and the Workforce Investment Act of 1998, as amended, as they develop and implement these types of initiatives....
