U.S. Economic News
March 4, 2021
U.S. Economic Indicators
Initial jobless claims rose 9,000 to 745,000 last week. The four-week moving average decreased 16,750 to 790,750. DOL Report
Nonfarm business sector labor productivity decreased 4.2% in Q4. Hours worked increased 10.1% while output increased 5.5%; unit labor costs rose 6.0%. BLS Report
New factory orders for manufactured goods rose 2.6% in January following a 1.6% (revised) increase in December. New orders excluding transportation rose 1.7%, while new orders for nondefense capital goods excluding aircraft were up 0.4%. Census Bureau Report