I'm starting to believe that a recession might hit sometime next year. JMO
U.S. trade deficit is 2nd highest; jobless claims rise:
http://www.usatoday.com/money/econom...t_x.htm?csp=15
For the year, America's trade deficit is running at a record annual rate of $590 billion, 19% higher than the previous record, last year's $496.5 billion.
In a second economic report Thursday, the Labor Department said the number of Americans filing new claims for unemployment benefits rose 15,000 last week to a seasonally adjusted 352,000. The four-week moving average of claims, which smooths out weekly changes, rose 4,000 to a seven-month high of 352,000.
The report on jobless claims reflects a labor market that is continuing to confound economists' expectations. The country added a lower-than-expected 96,000 jobs in September as the unemployment rate held steady at 5.4%.
"A coalition of textile groups asked the administration on Tuesday to limit imports of textiles from China, timing the filing of its case to force the administration to make a preliminary ruling by Nov. 1, the day before the election."
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