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U.S. trade deficit hits 10-year high; job growth slowing

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - The U.S. trade deficit jumped to a 10-year high in October as soybean exports dropped further and imports of consumer goods rose to a record high, suggesting the Trump administration's tariff-related measures to shrink the trade gap likely have been ineffective.Other data on Thursday showed private employers hired fewer workers than expected in November, pointing to a moderation in the pace of job growth. That was reinforced by another report showing a small decline in the number of Americans filing claims for unemployment benefits last week. The ...

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First Published: Thu, December 06 2018. 21:23 IST
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