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Tag Archives: National Association for Business Economics

Trade gap hit $48.7 billion in November

WASHINGTON — The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced only modest growth in exports. The Commerce Department report Friday suggests trade will drag on economic ...

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Bernanke says U.S. job market weak despite gains

WASHINGTON — Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve’s existing policies will help boost economic growth. Bernanke’s comments Monday to a group of economists in Arlington, ...

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Fewer people applied for unemployment benefits

WASHINGTON — The number of Americans seeking unemployment benefits fell sharply last week, an encouraging sign that layoffs are easing. Weekly applications dropped 37,000 to a seasonally adjusted 391,000, the Labor Department said Thursday. That’s the lowest level since April ...

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Economists cut growth forecasts for 2011 and 2012

WASHINGTON — Confronted with an economy that has decidedly underperformed this year, economists are scaling back their growth forecasts for 2011 and next year. In their latest forecast, top economists with the National Association for Business Economics predict that the ...

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