U.S. Economic News

February 4, 2021

U.S. Economic Indicators

Initial jobless claims fell 33,000 to 779,000 last week. The four-week moving average decreased 1,250 to 848,250. DOL Report

Nonfarm business sector labor productivity decreased 4.8% in Q4. Hours worked increased 10.7% while output increased 5.3%; unit labor costs rose 6.8%. BLS Report

New factory orders for manufactured goods rose 1.1% in December following a 1.3% (revised) increase in November. New orders excluding transportation rose 1.4%, while new orders for nondefense capital goods excluding aircraft were up 0.7%. Census Bureau Report