{"id":62388,"date":"2026-01-10T14:41:54","date_gmt":"2026-01-10T19:41:54","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=62388"},"modified":"2026-01-10T14:41:54","modified_gmt":"2026-01-10T19:41:54","slug":"more-good-economic-news-3","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=62388","title":{"rendered":"More Good Economic News"},"content":{"rendered":"<p>On Thursday, <a href=\"https:\/\/www.cnbc.com\/2026\/01\/08\/trade-deficit-in-october-hits-smallest-since-2009-after-trumps-tariff-moves.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a> posted an article about the October trade deficit.<\/p>\n<p>The article reports:<\/p>\n<div class=\"RenderKeyPoints-list\">\n<div>\n<div class=\"group\">\n<ul>\n<li><strong>The U.S. trade deficit six months into President Donald Trump\u2019s tariffs tumbled to its lowest level since mid-2009, the Commerce Department reported Thursday.<\/strong><\/li>\n<li><strong>The total was the lowest since the second quarter of 2009 as the U.S. was just coming out of the financial crisis and the Great Recession.<\/strong><\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><strong>The U.S. trade deficit six months into President <a href=\"https:\/\/www.cnbc.com\/donald-trump\/\">Donald Trump<\/a>\u2019s tariffs tumbled to its lowest level since mid-2009, the Commerce Department reported Thursday.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>With exports rising and imports falling, the <a href=\"https:\/\/www.bea.gov\/sites\/default\/files\/2026-01\/trad1025.pdf\" target=\"_blank\" rel=\"noopener\">trade shortfall<\/a> was just $29.4 billion for October, down 39% from the prior month. Exports increased 2.6% while imports slipped 3.2%.<\/strong><\/p>\n<div class=\"BoxInline-container \" style=\"padding-left: 40px;\">\n<div id=\"BoxInline-ArticleBody-5\" class=\"BoxInline-container\" style=\"padding-left: 40px;\" data-module=\"mps-slot\"><\/div>\n<\/div>\n<p style=\"padding-left: 40px;\"><strong>The total was the lowest since the second quarter of 2009 as the U.S. was just coming out of the financial crisis and the Great Recession.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>The numbers reflect the trade activity since Trump levied his \u201cliberation day\u201d tariffs in April 2025. Economists and policymakers worried that the levies would work against the U.S. by inviting retaliation and slowing the movement of goods and services around the world. However, Trump has backed off many of the most severe tariff threats he made, and the data shows a strong market for U.S. products.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>To be sure, the year-to-date deficit still was 7.7% higher than the same period in 2024.<\/strong><\/p>\n<p>The article concludes:<\/p>\n<p style=\"padding-left: 40px;\"><strong>\u201cThe latest figures suggest firms are successfully doing more with less labor, giving more credence to a jobless expansion,\u201d said Matthew Martin, senior economist at Oxford Economics. \u201cProductivity will be key to determining the economy\u2019s speed limit and inflationary dynamics. If productivity growth continues to accelerate due to tax cuts, deregulation, and technological advancements, including AI, economic growth can pick up without causing unwanted inflation.\u201d<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>Though hiring has been weak, the Labor Department reported Thursday that layoffs are holding low.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>Initial <a href=\"https:\/\/www.dol.gov\/ui\/data.pdf\" target=\"_blank\" rel=\"noopener\">unemployment claims<\/a> for the week ended Jan. 3 totaled 208,000, pushing the four-week moving average to its lowest since April 27, 2024.<\/strong><\/p>\n<p>President Trump is a businessman. When our Founding Fathers formed our government, they did not want career politicians. As we have seen, career politicians talk about problems and corruption, but they don&#8217;t seem to do anything about them.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, CNBC posted an article about the October trade deficit. The article reports: The U.S. trade deficit six months into President Donald Trump\u2019s tariffs tumbled to its lowest level since mid-2009, the Commerce Department reported Thursday. The total was &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=62388\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[684,11463,11324,18990,10589,11742,11137,12047,18988],"class_list":["post-62388","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-cnbc","tag-commerce-department","tag-deregulation","tag-oxford-economics","tag-president-trump","tag-tariffs","tag-tax-cuts","tag-trade-deficit","tag-u-s-labor-productivity"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/62388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62388"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/62388\/revisions"}],"predecessor-version":[{"id":62390,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/62388\/revisions\/62390"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}