|
Orders for nondurable goods, which include processed food, chemicals, gasoline and paper, fell 1.1 percent in April. Part of that drop likely reflected lower gas prices, which have tumbled since peaking in early April. The figures are not adjusted for inflation. Orders for transportation equipment rose 2.2 percent. That largely reflected a 7.2 percent rise in demand for commercial aircraft, which offset a 0.5 percent drop in demand for autos and auto parts. Demand for primary metals such as steel increased 0.9 percent. But machinery orders fell 2.9 percent, reflecting weakness in orders for industrial machinery and turbines and generators. Orders for computers declined 5.9 percent, while demand for non-defense communications equipment fell 17.4 percent. On Friday, the government said U.S. employers added only 69,000 jobs in May, the fewest in a year and the third straight of subpar hiring. The unemployment rate rose from 8.1 percent in April to 8.2 percent last month. Factories were one of the few industries to create jobs in May. They added 12,000 jobs, helped by rising demand for U.S. exports and a boom in car sales.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor