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U.S. Trade Gap Grows, Jobless Claims Unexpectedly Rise - Bloomberg
The trade deficit widened 8.8 percent to $46.3 billion in August from $42.6 billion the prior month as a rise in imports swamped gains in exports, Commerce Department figures showed today in Washington. The number of Americans filing claims for jobless benefits unexpectedly climbed by 13,000 to 462,000 last week, according to the Labor Department.

Economists at Morgan Stanley cut their forecast for third- quarter growth based on the increase in imports from countries like China, while at the same time boosting estimates for business investment. The prospect that unemployment holds above 9 percent through next year and a lack of inflation are among reasons Federal Reserve policy makers may ease monetary policy.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Oct 14th, 2010 at 02:33:03 PM EST
[ Parent ]
But the stock market is at 11,100. What could be wrong?

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Fri Oct 15th, 2010 at 03:53:00 AM EST
[ Parent ]
Jobless Claims Unexpectedly Rise

Unexpected ... by what idiot?  


My allegiance to the human species ends at the California border.

by THE Twank (yatta blah blah @ blah.com) on Fri Oct 15th, 2010 at 07:11:46 AM EST
[ Parent ]

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