Wall Street Journal (12/25/13) Sarah Portlock; Josh Mitchell
The recent positive reports from the U.S. Department of Commerce on durable goods and new-home sales suggest that the economy is doing better heading into 2014. “It’s a holly, jolly data Christmas for the economy as all signs point to an accelerating economy,” says Joel Naroff, chief economist at Naroff Economic Advisors.
Orders for U.S. durable goods climbed 3.5% last month, reversing the decline seen in October. Excluding the volatile transportation category, manufactured-goods orders rose 1.2%, the biggest increase since May. Meanwhile, new-home sales hit a seasonally adjusted annual rate of 464,000 last month, down 2.1% from October’s upwardly revised annual rate of 474,000. October and November were the two most robust months of new-home sales since mid-2008.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.