New signs emerge that recession may be near bottom.

Dantheman62 · 04-02-2009, 05:28 PM

WASHINGTON – New signs that the recession could be nearing a bottom emerged Thursday, as factory orders were far better than expected and the Dow industrials surged over 8,000 for the first time in two months.

The monthly unemployment report due out Friday likely will be dismal, and new jobless claims were worse than expected, but economists said the jobs market usually doesn't pick up until after an economic recovery has started.

The Labor Department said Thursday that initial claims for unemployment insurance rose to a seasonally adjusted 669,000 from the previous week's revised figure of 657,000. That total was above analysts' expectations and the highest in more than 26 years, though the work force has grown by about half since then.

On a more positive note, the Commerce Department said orders for manufactured goods rose 1.8 percent in February, much higher than analysts expected and reversing six straight monthly declines.

http://news.yahoo.com/s/ap/20090402/..._ec_fi/economy

Or is it just more confusing signs, LOL..........

04-02-2009, 05:28 PM	#1
Dantheman62 Avalon Senior Member Join Date: Sep 2008 Location: So. Cal. U.S. Posts: 4,205	New signs emerge that recession may be near bottom. WASHINGTON – New signs that the recession could be nearing a bottom emerged Thursday, as factory orders were far better than expected and the Dow industrials surged over 8,000 for the first time in two months. The monthly unemployment report due out Friday likely will be dismal, and new jobless claims were worse than expected, but economists said the jobs market usually doesn't pick up until after an economic recovery has started. The Labor Department said Thursday that initial claims for unemployment insurance rose to a seasonally adjusted 669,000 from the previous week's revised figure of 657,000. That total was above analysts' expectations and the highest in more than 26 years, though the work force has grown by about half since then. On a more positive note, the Commerce Department said orders for manufactured goods rose 1.8 percent in February, much higher than analysts expected and reversing six straight monthly declines. http://news.yahoo.com/s/ap/20090402/..._ec_fi/economy Or is it just more confusing signs, LOL..........