Really Good News on Trade and Possibly Even Better News on Unemployment

On April 9 the BEA told us that the trade deficit for February was only $26.0 billion, down from $36.2 billion in January and the smallest shortfall in trade since November 1999. Exports rose in February for the first time since July. This means that net exports will make a positive contribution to real GDP growth for the first quarter. The BEA will give us the first estimates of that on April 29. Click here to read the full post and comment (Insights subscribers) »