The U.S. trade deficit widened to $50.5 billion in November from $48.9 billion in October
Some of this rise was 'unexpected', but the 2% increase over a month was all about importing goods in a pinch when the hurricane damage needed repair. This was likely the cause of the 9 basis point jump in the one year treasury.
Unemployment?
The hurricane jitters are gone and the numbers are consistent with the end of a recession cycle. The uncertainty are the retail brick and mortars, are we getting another round of post christmas store shutdowns? So we should watch for mass layoffs from the retailers, see if they are out of season.
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