The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag on economic growth in the second quarter.
Two things are affecting this. One, it's summer and people need less energy. Two, the US economy is doing well but Europe is doing poorly. So, we're buying more stuff.
When the war in Ukraine is over, expect the trade deficit to get worse because Russia will be selling oil again. This will probably be a talking point during the elections.
I feel like whatever gains we saw in the market after the debt ceiling theater resolved will be reversed when the cpi report comes out. Employment rates seem super resilient also.
Every single jobs report wages have gone up. Very close to inflation.
Not disputing that wages aren’t fucked though.
Also the survey on “monster” isn’t specifically saying “full time” it just mentions two jobs. The two full time jobs part of the article is referring to TikTok stories. I’ll go with the department of labour on this.