YOU SAY POTATO....I SAY PATATOE!

New home sales for April didn't live up to expectations as they checked in at a seasonally adjusted annual rate of 352,000 units (consensus 360,000). April sales were up 0.3% from the March level, which was revised lower to 351,000 from 356,000, but were down 34% year-over-year.


Initial jobless claims drop unexpectedly
(SHOUT IT FROM THE ROOFTOPS!!!!!!!!!!!!!!!)

Initial jobless claims drop, but continuing claims at record high; demand up for durable goods
WASHINGTON (AP) -- The tally of newly laid-off Americans requesting jobless benefits fell last week, the government said Thursday, a sign that companies are cutting fewer workers.

But the number of workers continuing to receive unemployment benefits rose to 6.78 million -- the largest total on records dating back to 1967 and the 17th straight record week. The figures for continuing claims lag behind initial claims by one week.

The Labor Department said the number of initial claims for unemployment insurance dropped to a seasonally adjusted 623,000, from a revised figure of 636,000 in the previous week. It was below analysts' estimates of 635,000

**WHEN you add back what they f’d up from last week it came in AS expected…HORRIBLE how can ANYTHING positive be taken from 600K PLUS losses??? How many jobs lost now in this R?

**In a separate report, the government said demand for big-ticket manufactured goods soared by the largest amount in 16 months in April, the second increase in the past three months. New orders have risen in two of the past three months, which may be signaling that the deep recession in manufacturing is bottoming out.

My friends WHAT is it they are buying? GUNS and AMMO?

Duratek