Initial Claims Rise; Durable Goods Orders Fall

Nov. 23 (Bloomberg) -- More Americans than forecast filed for unemployment benefits last week. Applications for jobless insurance increased 2,000 in the week ended Nov. 19 to 393,000, Labor Department figures showed. Economists forecast 390,000 claims according to the median estimate in a Bloomberg News survey. Orders for durable goods fell 0.7 percent in October after a 1.5 percent revised drop the prior month, and consumer spending rose 0.1 percent for the month, the Commerce Department added. Betty Liu, Dominic Chu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)