Policy Points

12.10.2009 Policy Points No Comments

August Balance of Trade

The recession continued to affect America’s international trade in August. Once again, the U.S.  imported more goods and services than it exported, according to the most recent report from the Bureau of Economic Analysis.

trade 1The graph (left) shows the changes in American imports and exports that have occurred since the start of the recession in December 2007.

The recession has reduced American demand for foreign goods and services and foreign demand for American goods and services (though the fall in the dollar’s value likely is boosting American exports).

Compared to a year ago (seasonally adjusted), U.S. imports were 29 percent lower while American exports were 21 percent lower.

The rapid decline in imports has helped to reduce the U.S. trade deficit (graph, below). In August, the  U.S. imported $31 billion more than it exported. trade 2When imports of petroleum products are excluded, the trade gaps stood at  a lower $13 billion.

Compared to one year ago (seasonally adjusted), the non-petroleum trade deficit is 44 percent lower and the overall trade deficit is 50 percent lower.

09.10.2009 Policy Points No Comments

Weekend Wonk Out

A round-up of policy reports from the week ending on 10/9:

09.10.2009 Policy Points No Comments

Around the Dial – Oct. 9

Economic policy reports and media stories of interest:

09.10.2009 Policy Points Comments Off on Not a Pretty Picture

Not a Pretty Picture

09.10.2009 Policy Points No Comments

Number of Job Openings At Record Low

Findings from the newest version of the federal Jobs Opening and Labor Turnover Survey

On the last business day of August, the number of job openings in the U.S. was little changed at a series low level of 2.4 million, the U.S.
Bureau of Labor Statistics reported today. The hires rate was little changed and remained low at 3.1 percent in August. The total
separations rate was little changed and remained low at 3.3 percent
The job openings rate was unchanged in August at a rate of 1.8 percent. The number of job openings has fallen by 2.4 million, or 50
percent, since the most recent peak in June 2007. The job openings rate was little changed in August in all industries and regions.
The hires level was little changed at 4.0 million in August but has declined by 1.6 million, or 28 percent, since the most recent peak in
July 2006. The hires rate was low in August at 3.1 percent and little changed from July. The hires rate was little changed in August in all
industries.

On the last business day of August, the number of job openings in the U.S. was little changed at a series low level of 2.4 million, the U.S. Bureau of Labor Statistics reported today. The hires rate was little changed and remained low at 3.1 percent in August. The total separations rate was little changed and remained low at 3.3 percent.

The job openings rate was unchanged in August at a rate of 1.8 percent. The number of job openings has fallen by 2.4 million, or 50 percent, since the most recent peak in June 2007. The job openings rate was little changed in August in all industries and regions.

The hires level was little changed at 4.0 million in August but has declined by 1.6 million, or 28 percent, since the most recent peak in July 2006. The hires rate was low in August at 3.1 percent and little changed from July. The hires rate was little changed in August in all industries.