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Economy
August trade deficit falls to $59.1B
- The U.S. trade deficit edged down slightly in August, reflecting a drop in foreign oil from record levels. But the politically sensitive deficit with China increased as imports from that country hit an all-time high.
Jobless claims drop from 7-year high
- New applications for unemployment benefits dropped last week from a seven-year high, the Labor Department said Thursday, though they remain at elevated levels that indicate recession.
Economy sheds most jobs since 2003, more cuts seen
- Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, an urgent signal the country may be careening toward a deep and painful recession just as Americans prepare to elect a new president.
- Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, an urgent signal the country may be careening toward a deep and painful recession just as Americans prepare to elect a new president.
Employers cut jobs by most in more than 5 years
- Employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession.
Employers cut 159,000 jobs, most in over 5 years
- The Labor Department says employers slashed payrolls by 159,000 in September, the most in more than five years. It was a worrisome sign that the economy is hurtling toward a deep recession.
