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Jobless claims jump, wholesale food costs surge

Posted By kurtnimmo On January 13, 2011 @ 1:30 pm In Economic Crisis,Old Infowars Posts Style | Comments Disabled

Reuters
January 13, 2011

U.S. jobless claims jumped to their highest level since October last week while food and energy costs lifted producer prices in December, pointing to headwinds for an economy that has shown fresh vigor.

However, a surge in exports to their highest level in two years helped narrow the U.S. trade deficit in November, an encouraging sign for fourth-quarter economic growth.

Despite a string of recent data that had signaled a pickup in the economy’s momentum, the figures on Thursday showed the job market continues to struggle.

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