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The U.S. durable goods orders rose 2.6% in March from 2.2% in February. It is the highest increase since November 2013. The projected figure was 2.2%. Durable goods orders in February were revised down to a 2.1% from 2.2%.
Durable goods orders excluding transportation climbed 2.0% in March from 0.2% in February. Analysts forecasted the increase of 0.6%.
The number of initial jobless claims rose 24,000 to 329,000 for the week ended April 19. The number of people still receiving benefits declined 61,000 to 2.68 million in the week ended April 12. This is the lowest level since December 2007. It is a good omen that the unemployment rate could drop in April. The unemployment rate in March was 6.7%.
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