Delaware cleaning firm keeping educational opportunity open
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11:42
Another encouraging sign – US factory orders have continued to rise, despite the economic drag of the global supply chain crisis.
New orders for US-made goods rose 0.4% in July, a little more than expected, although slower than June’s 1.5% jump.
The challenge, though, will be getting hold of enough raw materials and components to fulfill those orders….
11:20
Meanwhile in the US, the number of Americans filing new unemployment claims has dropped to a pandemic low.
There were 340,000 new ‘initial claims’ for jobless support last week, on a seasonally adjusted basis, a drop of 14,000.
That’s the lowest since the first wave of Covid-19 hit the US, and shows that the job market continues to rebound.
But, it’s still higher than before the pandemic, when jobless claims were in the low 200,000s.
The number of ‘continuing claims’ (people on unemployment support for at least two weeks), fell to a pandemic low too, down 160,000 to 2.748m.
Stripping out seasonal adjustments, there were just 288,000 initial claims….
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