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Rise in Initial Claims

10:03 AM, Apr 24, 2014 • By GEOFFREY NORMAN
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The weekly and closely-watched number of first time jobless claims rose last week by 24,000 to 329,000. Economists had expected the number to come in at 315,000.

Those looking for an explanation that is consistent with a real and robust economic recovery would have trouble using the weather as an alibi.  There is, however, Easter and economists may have forgotten about that. Easy to do, in these secular times.

There are, meanwhile, signs out there of freshening winds, as:

Orders placed with American factories for durable goods such as cars and computers rose more than forecast in March, pointing to faster production that will help spur the economy …

And:

Bookings for goods meant to last at least three years increased 2.6 percent, the biggest gain since November, after rising 2.1 percent in the prior month.

Good news but scant comfort if you don’t have a job and haven’t for a good long time.  You aren’t likely to vote of for the candidate bragging on the durable goods number.

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