U.S. Economy Improving in Fits and Starts

A mixed picture of the U.S. economy emerged, suggesting the economy is not growing fast enough to hasten much job growth, according to The Republic. The Commerce Department said orders for long-lasting goods fell by 13.2 percent in August, the biggest drop in over three years, largely influenced by a drop in aircraft orders. Excluding transportation equipment, orders dropped only 1.6 percent. On a positive note, in the first increase since May, business investment plans rose 1.1 percent. On a slightly positive jobs report, weekly applications for unemployment benefits dropped 26,000 to a seasonally-adjusted rate of 359,000, the lowest in two months. As MHProNews has learned, economists anticipate the job growth for Sept. to be around 100,000, similar to that for Aug. The government’s jobs report is set to be released next week.

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