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Unemployment and Trade Deficit Drops
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09-03-2007, 03:27 PM
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leareliovag
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Unemployment and Trade Deficit Drops
WASHINGTON (AP) - The nation's unemployment rate dipped to 4.5 percent in February even as big losses of construction and factory jobs restrained overall payroll growth. Wages grew briskly...........
..............Workers' wages grew quickly last month.
Average hourly earnings rose to $17.16, a 0.4 percent increase from January. That was slightly faster than the 0.3 percent gain economists were expecting. Over the 12 months ending in February, wages grew by 4.1 percent.
Strong wage growth is welcome by workers and supports consumer spending, a key ingredient to the country's economic health.
My Way News - Unemployment Rate Drops to 4.5 Percent
The whole article shows a mixed picture, but overall very positive
The US trade deficit narrowed 3.8 percent in January to 59.1 billion dollars thanks to record-breaking export growth, the Commerce Department said Friday.
It was a bigger drop than expected on Wall Street, where analysts saw a deficit of 60.0 billion dollars, and marked the steepest change in the trade figure since October.
BREITBART.COM - US trade deficit shrinks to 59.1 billion dollars
More good news.
I guess this is even more from that horrible Great Depression economy.
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