Orders for equipment, appliances, aircraft and other so-called durable goods fell 4.2 percent in March from February, the Census Bureau reports.
It's the second decline in the past three months and the biggest monthly dip in three years. Much of the drop in March was due to a decline in orders for aircraft. "But companies also ordered less machinery and other equipment, a sign manufacturing output may slow," The Associated Press writes.
The agency says there were 380,000 such applications, up from 367,000 (a number that has been revised upward; previously, the agency had estimated there were 357,000 claims in the week ended March 31).
Claims had been running at the lowest pace since March and April 2008. At 380,000, the pace is the lowest since June 2008.
The changes in payroll employment over the past two years.
The nation's unemployment rate edged down to 8.2 percent in March from 8.3 percent in February, but only 120,000 jobs were added to private and public payrolls the Bureau of Labor Statistics said this morning in a report that was less positive about the labor market's health than economists had expected.
Prior to the news, forecasters had predicted BLS would say about 200,000 jobs were added to payrolls last month.