Trade gap's 16.3% rise surprises
Jump in imports, dip in jobless claims seen as sign recession fading
Posted: September 11, 2009 at 4:01 a.m.
A cargo ship is docked at the Port of Oakland, Calif., on Aug. 12. The Commerce Department said Thursday that U.S. imports rose 4.7 percent in July, the largest percentage monthly advance since 1992.
The U.S. trade deficit in July hit the highest level in six months as a record rise in imports outpaced a third-straight increase in foreign demand for American products, according to government data released Thursday.
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Business, Pages 31, 32 on 09/11/2009
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