Johnson Links Manufacturing to US Economy `Soft Patch’
June 2 (Bloomberg) — Hugh Johnson, chairman of Hugh Johnson Advisors LLC, discusses today’s report on US applications for unemployment benefits and the outlook for the economy. Jobless claims fell by 6000 to 422000 in the week ended May 28, Labor Department figures showed in Washington. Economists surveyed by Bloomberg News projected a drop in claims to 417000, according to the median forecast.