Economic Numbers

Jobless claims this morning came out at 397,000, up from last week’s 371,000. Our trade balance gap widened too, up by six billion in January. That puts it at $46.34 billion.

What does this mean? It could indicate a lower GDP number when it is next revised. Interestingly, China’s deficit grew as well.

Tomorrow’s reports on inventories and retail sales will give a sharper picture of the economy.

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