Latest News Updates From Paul Wiseman

GovernmentBusiness

Trade Deficit Rises to $679 Billion, the Highest Since 2008

WASHINGTON — The U.S. trade deficit rose 17.7% last year to $679 billion, highest since 2008, as the coronavirus disrupted global commerce and confounded President Donald Trump’s attempts to rebalance America’s trade with the rest of the world.

February 5, 2021
GovernmentBusiness

US Jobless Claims Rise to 885,000 Amid Resurgence of Virus

The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September.

December 17, 2020
GovernmentBusiness

US Trade Deficit Rises 1.7% to $63.1 Billion in October

The U.S. trade deficit widened 1.7% in October to $63.1 billion. The politically sensitive gap in the trade of goods with China and Mexico grew.

December 4, 2020
GovernmentBusiness

751,000 Seek US Jobless Benefits as Virus Weighs on Economy

The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.

November 5, 2020
BusinessEquipmentLogistics

US Industrial Production Up 3%; Factory Output Rises 3.4%

American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.

August 14, 2020
BusinessEquipment

Survey: US Factories Sink in May for Third Straight Month

American factories contracted for the third straight month in May as they continued to sustain economic damage from the coronavirus pandemic.

June 1, 2020
GovernmentBusiness

US, Global Manufacturing Contracted in March

Manufacturing contracted in the United States and around the world last month, dragged down by economic fallout from the coronavirus outbreak.

April 1, 2020
GovernmentBusiness

US Trade Deficit Narrows to $45.3 Billion in January

WASHINGTON — The U.S. trade deficit narrowed in January as exports fell but imports fell more. The politically sensitive trade gap with China widened.

March 6, 2020
GovernmentBusiness

Factories Expand Despite Virus, Though Deliveries Slow

WASHINGTON — American factories expanded in February for the second straight month, despite disruptions caused by the coronavirus outbreak.

March 2, 2020
GovernmentBusiness

US Trade Deficit Drops for First Time in Six Years

The U.S. trade deficit fell 1.7% last year to $616.8 billion as President Donald Trump hammered China with import taxes.

February 5, 2020