U.S. Economy Grew at Unrevised 2.1% Pace in Fourth Quarter

The video discusses the second quarter GDP and PCE data, highlighting a 2.1% annualized growth and a 1.2% quarter-on-quarter increase. Durable goods showed mixed results, with a decline in transport but an increase in capital goods. The coronavirus is expected to disrupt economic data, making current figures less reliable. Consumer spending, a key economic driver, may decline further due to the pandemic. The video also covers the impact of the China trade deal on capital goods orders. Jobless claims remain stable, but their volatility makes it hard to gauge economic strength accurately.

What was the significance of the capital goods orders mentioned in the text?

What is the current state of jobless claims as described in the text?