Durable Goods Up...Job Loss Down...Wobbling towards the recovery

Posted by Expert Gadget Reviewer on Thursday, 24 December 2009

More signs that a recovery is imminent came today:

"New orders for long-lasting U.S. manufactured goods excluding transportation surged in November, and applications for jobless benefits fell last week, pointing to a firmly entrenched economic recovery."
  • Durable Goods: Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, jumped 2.9 percent last month after dropping 2 percent in October.
  • Labor Reports: U.S. Labor Department showed initial claims for state unemployment benefits fell by 28,000 to a seasonally adjusted 452,000 last week. That was the lowest tally since early September 2008 and below market expectations for 470,000 new claims.
  • click here to read the complete article on cnbc.com
In our little corner of the universe, I'm still not ready to call it a recovery. We are seeing mixed signs with our small business clients starting to stir, but our corporate and local government clients still firmly "on-hold".

Happy Holidays and thanks to everyone who takes the time to read Office Furniture Trends.