Trade Deficit Soars, Jobless Claims Up

[Peter1x9]

http://biz.yahoo.com/ap/041014/economy_5.html

WASHINGTON (AP) -- The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history. The politically sensitive deficit with China hit a new high as American retailers upped their orders for cell phones, toys and televisions.

In a second economic report, the Labor Department said the number of Americans filing new claims for unemployment benefits rose by 15,000 last week to a seasonally adjusted level of 352,000. The four-week moving average of claims, which smooths out weekly changes, rose by 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 percent.

[edbermac]

1. Well, we all know who's gonna be jobless after Nov 2nd, unfortunately...

Shrub and Co will have ton of blood money stashed away in their Swiss bank accounts...bastards....

:mad:

[Peter1x9]

2. sad, isn't it?

:mad:

[Supersedeas]

3. and the Media Squacking Faces want to talk about Mary Cheney

odd?

[killbotfactory]

4. Don't worry! NCLB and the Tax Cuts'll fix it!

Bush promises!