From a Barron's blog on today's economic reports:

As if the stunningly weak September payrolls report wasn’t bad enough, Friday brought additional weak economic reports.

August factory orders fell 1.7% when a decline of 1.2% was expected. July factory orders were revised lower.

Also, August durable goods were revised to show a steeper decline than originally reported — 2.3% instead of 2%.

Ward McCarthy and Thomas Simons, economists at Jefferies, write:

Much like this morning’s payroll data, there are no underlying signs of strength in this data. It is plainly bad.

Ian Lyngen of CRT Capital says this report will factor into lower gross domestic growth for the third quarter. He writes:

This should have a marginally negative impact on Q3 real GDP estimates — which are now <1% following this week’s advanced trade data. The Fed’s GDPNow forecast has growth tracking in Q3 at just +0.9% — lackluster at best.