Unemployment claims and trade deficit are both falling. Auto Warranty Guardian
Posted by UK Gift and top stories
The number of U.S. workers who filed new claims for unemployment benefits fell 24,000 last week to 435,000. Jobless claims plunged throughout 2009 as the economy exited recession, but they have been stuck in the 450,000 range through the first 10 months of this year.
The four-week average of initial claims sank to its lowest level in two years - down 10,000 to 446,500, according to the U.S. Department of Labor.
The economy added 151,000 jobs in October, double market expectations, in its strongest showing since April.
Wisconsin’s first-time unemployment claims rose slightly last week to 15,763 from 15,394 in the week before. However, Wisconsin’s seasonally adjusted unemployment rate of 7.8 percent remains below the national rate of 9.6 percent.
Meanwhile, the U.S. Department of Commerce reported today that the U.S. trade deficit narrowed in September, as exports rose to their highest level in more than two years.
