U.S. trade deficit widens in October

The numbers: The U.S. trade deficit widened by 1.7% in October, the Commerce Department said Friday. The trade gap widened to $63.1 billion in October from a revised $62.1 billion in the prior month. The forecast of economists polled by MarketWatch expected a deficit of $64.7 billion. What happened: Both imports and exports had strong gains inContinue reading “U.S. trade deficit widens in October”

U.S. Added 245,000 Jobs Last Month as Hiring Slowed

U.S. job growth slowed sharply in November, suggesting the labor-market recovery is losing steam amid a surge in coronavirus cases and new business restrictions. Employers added 245,000 jobs last month, less than half the 610,000 jobs added in October, the Labor Department reported Friday. The unemployment rate edged down slightly to 6.7% in November from 6.9% a monthContinue reading “U.S. Added 245,000 Jobs Last Month as Hiring Slowed”