How can that be, given these two stories?

First there is this.

The US trade deficit narrowed 3.8 percent in January to 59.1 billion dollars thanks to record-breaking export growth, the Commerce Department said Friday.

It was a bigger drop than expected on Wall Street, where analysts saw a deficit of 60.0 billion dollars, and marked the steepest change in the trade figure since October.

Then there is this.

The unemployment rate dipped to 4.5 percent and workers got fatter paychecks in February, even as bad winter weather sent a bit of a chill through U.S. job growth.

The latest employment picture, released by the Labor Department on Friday, suggested employers are holding up well and opportunities continue for jobseekers as the economy deals with a sluggish spell, a housing slump and troubles in the automotive industry.

Economic growth. Lower trade deficits. Increased employment and robust job creation. Give me more of this “bad economy.”

Posted by: Greg at 09:51 AM | Comments (1) | Add Comment
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