U.S. trade deficit shrinks sharply; labor market tight


(Worthy News) – The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a broad decline in imports hinted at a slowdown in domestic demand.

Still, consumer spending is likely to remain supported by a strong labor market. Other data on Thursday showed the number of Americans filing claims for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months.

The reports countered data this week showing manufacturing activity contracting for a fourth straight month in November, a slowdown in growth in the services sector as well as a drop in construction spending in October. The latest data suggested the economy was growing at a moderate pace rather than stall speed. [ Source: Reuters (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!

Latest Worthy News

Australian Jews Survive Arson Attack On Synagogue; Israeli Restaurant Smashed
Deadly Flood Ravages Texas Christian Camp: At Least 24 Dead, Dozens Missing After Guadalupe River Overflows at Camp Mystic
Trump Signs ‘One Big Beautiful Bill’ Into Law in Historic July 4 Celebration as Nation Marks 250th Year
EU To Set Up Global Trade Alternative, Challenging US Dominance (Worthy News In-Depth)
Trump Speaks To Ukraine’s Leader After Unprecedented Russian Strikes
Artificial Intelligence Taking Over Britain’s Health Service Within 10 Years (Worthy News Focus)
Netanyahu Heads to Washington as Trump Pushes ‘Deal of the Century’
Trump Tariff Strategy Nets $106 Billion in Customs Revenue as Trade Policy Pays Off
Trump ‘Very Disappointed’ After Call With Putin as Russia Launches Largest Aerial Assault of Ukraine War
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News