Durable Goods Orders Rebound in January
New orders for manufactured durable goods rose by 3.1% to $286.0 billion in January, following two consecutive monthly declines. The $8.7 billion increase was primarily led by transportation equipment, which surged 9.8% to $96.5 billion. Excluding transportation, new orders were flat, while excluding defense, they rose 3.5%. This rebound in durable goods orders indicates a potential stabilization in manufacturing activity, which could support economic growth if sustained.
State-Level Jobless Claims Highlight Regional Variability
Kentucky and Tennessee recorded the largest increases in jobless claims, up by 3,012 and 2,766 respectively, driven by layoffs in the manufacturing sector. California saw the most significant drop, with 5,530 fewer claims, while Pennsylvania’s decrease of 1,110 was attributed to reduced…
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