Modestly Good News In Latest Economic Indicators
-- The Bureau of Economic Analysis says consumer spending rose a seasonally adjusted 0.4 percent in November from October, "a moderate pace" that should still have given the economy "a boost ahead of the holidays," the Associated Press writes.
-- Orders for long-lasting durable goods (excluding the volatile transportation sector) rose 2.4 percent in November from October, the Census Bureau says.
-- The Bureau of Labor Statistics says 420,000 people filed first-time claims for jobless benefits, down 3,000 from the previous week. Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.