The following statistics were released today on the state of the US economy:

April export prices jumped 0.4% for the month, and were up 0.7% over last year. Import prices fell -0.5% for the month, and are up 0.5% for the year.

The international trade deficit widened sharply in March to $–51.8 billion.

Jobless claims held fairly steady at 367,000. Last’s week’s claims were revised upwards slightly to 368,000 from 365,000. The 4-week moving average stands at 370,000.

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Dale Franks
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