(snip)"New U.S. claims for jobless benefits rose last week, hardening the view the central bank will pump more money into the economy, and keeping pressure on Democrats poised to lose congressional seats in Nov. 2 polls.
At the same time, record-high imports from China helped push the U.S. trade deficit wider in August, while rising food and energy prices pushed inflation at the wholesale level up twice as fast as expected last month.
Initial claims for state unemployment benefits rose to a higher-than-expected 462,000 in the latest week, the Labor Department said Thursday.
Economists polled by Reuters had expected initial claims at 445,000 in the latest week."(snip)
(snip)"In a separate report, the Labor Department said U.S. producer prices rose 0.4 percent in September and the core index, which excludes volatile food and energy prices, rose 0.1 percent in the month.
The U.S. trade deficit for August jumped 8.8 percent to a larger-than-expected $46.4 billion, pushed by record imports from China that helped the U.S. deficit with Beijing set a new record of $28.0 billion, the Commerce Department said.
American voters unhappy at high unemployment are set to oust President Barack Obama's Democrats from control of the U.S. House of Representatives in Nov. 2 elections, a Reuters-Ipsos poll projected Wednesday.
The U.S. growth outlook has darkened significantly and the Federal Reserve is unanimously expected to embark on a fresh round of asset purchases [ a.k.a. Q.E.2 = money printing out of thin air - sic ] to prop up the economy, a separate Reuters poll showed."(snip)
from
also from the same link ...
(snip)"The number of unemployed workers continuing to collect insurance benefits fell 112,000 to 4.399 million in the week ended Oct. 2, the lowest level since November 2008."(snip)
However, the above statistic only reflects that 100,000+ unemployed Americans have exhausted their 99th week of unemployment checks during the past week ... and are thus being dropped from the U1 gov't unemployment statistic even though they are probably still unemployed.



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