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U.S. Trade Deficit Declines Slightly

Posted On December 05, 2014

(Washington, DC) -- The U.S. trade deficit declined less than expected in October. The Commerce Department said Friday the trade gap fell four-tenths of a percent to around 43-billion dollars. Lower crude oil prices failed to offset a rise in imports. Meanwhile, exports to Canada and Mexico reached record highs in October.

Obama Cheers Jobs Report

Posted On December 05, 2014

(Washington, DC) -- President Obama is cheering the latest jobs report.   The economy added 321-thousand jobs last month, far exceeding expectations. The national jobless rate remains unchanged at five-point-eight percent. In remarks at the White House, the President called on Congress to get behind an aggressive program to further boost the economy. President Obama…

Unemployment Rate Holds Steady At 5.8%

Posted On December 05, 2014

(Washington, DC) -- The national unemployment rate is holding steady at a six-year low of five-point-eight percent. The Labor Department announced today that 321-thousand jobs were added in November. According to its report, just over nine-million people are still unemployed. About a third of those people haven't had a job for at least half a…

Jobs Report Far Exceeds Expectations

Posted On December 05, 2014

(Washington, DC) -- The economy added 321-thousand jobs last month, far exceeding expectations. The national jobless rate remains unchanged at five-point-eight percent. Chief White House economist Jason Furman called it a strong report. In a statement, Furman said the U.S. economy has already added more jobs this year than in any calendar year since the…

Dollar General Still Wants Family Dollar

Posted On December 05, 2014

(Undated) -- Dollar General says it still wants to acquire the Family Dollar stores. They made the announcement Thursday as they reported lower than expected third-quarter profits. Family Dollar rejected an offer by Dollar General in September because of antitrust concerns, and instead went with a lower bid from Dollar Tree. Dollar General then made…