Lucia Mutikani
The Latest
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U.S. Trade Deficit Jumps To Record High In June On Strong Import Growth
WASHINGTON(Reuters) - The U.S. trade deficit surged to a record high in June as efforts by business to rebuild inventories to meet robust consumer spending drew in more imports. The Commerce Department said on Thursday that the trade gap increased 6.7% to $75.7 billion in June, an all-time high. Economists polled by Reuters had forecast a $74.1 billion deficit. Goods imports rose 1.8% to $239.1 billion, also a record high. Exports of goods gained 0.2% to $145.9 billion in June, an all-time high. (Reporting By Lucia Mutikani; Editing by Kevin Liffey) 
WASHINGTON(Reuters) - The U.S. trade deficit surged to a record high in June as efforts by business to rebuild inventories to meet robust consumer spending drew in more imports. The Commerce Department said on Thursday that the trade gap increased 6.7% to $75.7 billion in June, an all-time high. Economists polled by Reuters had forecast a $74.1 billion deficit. Goods imports rose 1.8% to $239.1 billion, also a record high. Exports of goods gained 0.2% to $145.9 billion in June, an all-time high. (Reporting By Lucia Mutikani; Editing by Kevin Liffey) -
U.S. Retail Sales Unexpectedly Rebound In Boost To Economic Growth
U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services. 
U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services. -
U.S. Weekly Jobless Claims Fall To 16-month Low
The number of Americans filing new claims for unemployment benefits fell to a 16-month low last week as the labor market steadily gains traction. 
The number of Americans filing new claims for unemployment benefits fell to a 16-month low last week as the labor market steadily gains traction. -
U.S. Factory Activity Approaches 2-1/2-year High; COVID-19 Hitting Supply Chains
U.S. factory activity accelerated to its highest level in nearly 2-1/2 years in December as the coronavirus pandemic continues to pull demand away from services towards goods, though spiraling new infections are causing bottlenecks in supply chains. 
U.S. factory activity accelerated to its highest level in nearly 2-1/2 years in December as the coronavirus pandemic continues to pull demand away from services towards goods, though spiraling new infections are causing bottlenecks in supply chains. -
U.S. Producer Prices Increase Modestly In November
U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare up in new COVID-19 infections restrains the labor market and demand for services. 
U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare up in new COVID-19 infections restrains the labor market and demand for services. -
Spiraling COVID-19 Cases Driving Up U.S. Layoffs; Inflation Still Benign
The number of Americans filing first-time claims for jobless benefits jumped to a near three-month high last week as mounting new COVID-19 infections led to more business restrictions. 
The number of Americans filing first-time claims for jobless benefits jumped to a near three-month high last week as mounting new COVID-19 infections led to more business restrictions. -
U.S. Third-Quarter Productivity Pared; Unit Labor Costs Revised Up
U.S. worker productivity increased strongly in the third quarter, though the pace of growth was likely overstated as the sharp rebound in output from the COVID-19 pandemic recession has far outpaced employment gains. 
U.S. worker productivity increased strongly in the third quarter, though the pace of growth was likely overstated as the sharp rebound in output from the COVID-19 pandemic recession has far outpaced employment gains. -
U.S. Job Growth Slows Sharply; Long-Term Unemployment Rises
The U.S. economy added the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession. 
The U.S. economy added the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession. -
U.S. Weekly Jobless Claims Fall; Services Sector Activity Slows
The number of Americans filing first-time claims for jobless benefits fell last week, but remained extraordinarily high amid widespread business restrictions to slow a rising tide of new COVID-19 infections and lack of additional fiscal stimulus. 
The number of Americans filing first-time claims for jobless benefits fell last week, but remained extraordinarily high amid widespread business restrictions to slow a rising tide of new COVID-19 infections and lack of additional fiscal stimulus. -
U.S. Consumer Confidence Slips; House Prices Surge
U.S. consumer confidence fell more than expected in November amid a widespread resurgence in new COVID-19 infections and business restrictions, reinforcing expectations for a sharp slowdown in economic growth in the fourth quarter. 
U.S. consumer confidence fell more than expected in November amid a widespread resurgence in new COVID-19 infections and business restrictions, reinforcing expectations for a sharp slowdown in economic growth in the fourth quarter.
