U.S. core capital goods orders surge; jobless claims fall

August 25, 2016 1:11 PM

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U.S. core capital goods orders surge; jobless claims fall

WASHINGTON New orders for U.S. manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease.

The economy also got a boost from another report on Thursday showing an unexpected drop in the number of Americans filing for unemployment benefits last week.

Also read: UW’s Chris Petersen on sweating out a playoff berth: ‘I felt good all along until probably the last five minutes’

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