Durable Goods Orders Report for July 2013

The Durable Goods Orders report for July 2013 was released this morning:

Predicted: -4.0%
Actual: -7.3%

The above percentages represent the month-to-month change in orders for durable or hard goods for immediate or future delivery from U.S. manufacturers. Examples of durable goods: cars, airplanes, computers, furniture -- items that are built to last at least three years.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure. The Durable Goods Orders report is produced by the Commerce Department.

Click here to view the full Commerce Department report (PDF).

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Employment Situation Report for July 2013

The Employment Situation report for July 2013 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Unemployment Rate
Predicted: 7.5%
Actual: 7.4%

Non-farm Payrolls (month-to-month change)
Predicted: +175K
Actual: +162K

Average Hourly Earnings (month-to-month change)
Predicted: +0.2%
Actual: -0.1%

Average Workweek
Predicted: 34.5 hrs
Actual: 34.4 hrs

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money, b) unemployment is low and c) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Department of Labor report.

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