Thursday, May 24, 2012

It's The Economy Stupid: Durable Goods, Cap Goods, Jobless Claims

A bunch of numbers this morning. 

 

Durable Goods numbers aren’t so hot.  Cap Goods numbers are just plain ole disappointing. The head line Durable Goods Numbers were right at economist’s expectations, but everything else missed the mark.  Manufacturing clearly has some issues.  Which means the economy continues to have some issues.  Weak numbers equals weak economy.  That’s not exactly new news.

 

Initial Jobless claims were right on the money, right at economist’s expectations.  Continuing Jobless Claims were better than the previous period.  So at leaset we can say that the jobs picture is not getting worse this week.

 

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Durable Goods Orders

APR

0.2%

0.2%

-4.2%

-3.7%

Durables Ex Transportation

APR

0.8%

-0.6%

-1.1%

-0.8%

Cap Goods Orders Non Def Ex Air

APR

0.8%

-1.9%

-0.8%

-2.2%

Cap Goods Shipped Non Def Ex Air

APR

-1.0%

-1.4%

2.6%

1.9%

Initial Jobless Claiims

MAY 19

370K

370K

370K

372K

Continuing Claims

MAY 12

3250K

3260K

3265K

3289K

 

On a happy note, it’s Thursday.  Bayou Country Super Fest this weekend in Baton Rouge.  There’s gonna be a whole lot of twang going on!

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

 

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