JUSTIN LAHART AND PHIL IZZO
Wall Street Journal
January 13, 2010
The U.S. trade deficit widened in November, as rising imports to the U.S. outstripped export gains.
[efoods]The rising deficit reflected a global rebound in trade spurred by recovering world economic growth. But with the U.S. unemployment rate at 10%, it could rekindle American workers’ anger over jobs lost overseas, intensifying trade tensions.
A separate report from the Labor Department showed that although companies were cutting fewer jobs, they remained reluctant to hire.
The trade deficit rose 9.7% to $36.40 billion in November from the month before, the Commerce Department said Tuesday.
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