US durable orders ex-transport slip, jobs data weak

Demand for a wide range of U.S. manufactured goods unexpectedly fell in January, while new applications for jobless benefits rose again last week, suggesting a step back in the economic recovery.

The U.S. Commerce Department said on Thursday durable goods orders, excluding transportation, slipped 0.6 percent last month after increasing 2.0 percent in December. That was below market expectations for a 1.0 percent rise.

Overall orders, however, jumped 3.0 percent on hefty aircraft bookings, double market expectations and building on the 1.9 percent increase in December.

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- Posted: 2010-02-25 10:44:05

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