What does the new orders index indicate in the text?
US Jobless Claims Decrease to Two-Month Low at 228,000
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The video discusses the current state of the labor market, highlighting a tight market with job numbers at 228,000 and revisions expected. It notes increased traffic on the DOL website due to these revisions. The Philadelphia Fed business outlook shows slight changes, with new orders and employment indices declining, but a slight improvement in the price index, indicating mixed news on inflation.
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What was the change in the price index mentioned in the text?
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