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US trade gap widens more than expected on goods imports surge
US trade gap widens more than expected on goods imports surge
Economy
by  AFP

The US trade deficit expanded more than expected in July, government data showed Thursday, on a surge in imports analysts expect was driven by a rush to beat another wave of President Donald Trump's tariffs. Analysts at Pantheon Macroeconomics believe the growing trade gap is connected with "another wave of pre-tariff stockpiling," they said in a recent report.

US private sector hiring cools more than expected: ADP
US private sector hiring cools more than expected: ADP
Economy
by  AFP

Hiring in the US private sector slowed more than anticipated in August, according to payroll firm ADP on Thursday, as all eyes turn to the jobs market to gauge the economy's health. The most recent hiring figures showed that the key labor market was weaker than expected, sparking worries about the health of the economy.