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More bad economic news. Just wait until China Joe and his crackpot economic team get warmed up.

US durable goods orders drop 1.3% in April
Economists had expected durable goods orders to rise about 0.7% last month

WASHINGTON — U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months as a shortage of computer chips disrupted auto production.

The Commerce Department reported Thursday that orders for factory goods meant to last at least three years fell 1.3% in April after rising 1.3% in March. Transportation orders skidded 6.7%. Excluding transportation, which can swing sharply from month to month, durable goods orders were up 1% in April.

Factories have been hamstrung by a shortage of supplies as the U.S. economy reopens from the COVID-19 pandemic and demand for goods and services rebounds rapidly. Orders for auto parts, disrupted by a shortage of computer chips, dropped 6.2% in April. Orders for military capital goods dropped 25.8% after falling 11.7% in March.

After President Biden's 8 year term ends if he ADDS just ONE job he has passed your Dear Leader