U.S. manufacturing remains strong, economist Ian Shepherdson said after the government reported an unexpected decline in factory orders for durable goods.
Ian Shepherdson, chief U.S. economist at High Frequency Economics Ltd., talks with Bloomberg's Ken Prewitt and Tom Keene. For more ``Surveillance'' and ``On the Economy'' podcasts, please visit iAmplify.com. (Source: Bloomberg)
The smallest gain in U.S. payrolls in six months need not presage the kind of slowdown that bedeviled the world’s largest economy for the past two years.
Applications for U.S. unemployment benefits declined last week to the lowest level in a month as the volatility typical during the year-end holidays waned.
Fewer Americans filed applications for unemployment benefits last week than at any time since before the last recession, indicating bigger gains in hiring will soon follow.
Fewer Americans than projected filed applications for unemployment benefits last week, reflecting a smaller number of factory closings for this time of year.
"This is not going to be a consumption-driven quarter."
- Ian Shepherdson on Aug 29, 2014
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