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December 11, 2025
Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in September. The Commerce Department reported that the trade deficit decreased to $52.8 billion in September, down from $59.3 billion in August.
The narrower trade deficit came as the value of exports jumped by 3.0% to $289.3 billion in September after slipping by 0.2% to $280.9 billion in August. The report showed significant increases in exports of non-monetary gold and pharmaceuticals, which more than offset a decrease in exports of computers.
Meanwhile, the Commerce Department said the value of imports climbed by 0.6% to $342.1 billion in September after plunging by 5.2% to $340.2 billion in August. A sharp increase in imports of pharmaceuticals was partly offset by a slump in imports of capital goods, particularly computers.
The report also said the goods deficit shrank to $79.0 billion in September from $86.1 billion in August, while the services surplus narrowed to $26.2 billion in September from $26.8 billion in August. 12/11/2025 - 10:13:00 (RTTNews)
First-time claims for U.S. unemployment benefits rebounded in the week ending on December 6, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 236,000, an increase of 44,000 from the previous week's revised level of 192,000. The bigger increase came a week after jobless claims fell to their lowest level in over three years.
The Labor Department said the less volatile four-week moving average also crept up to 216,750, an increase of 2,000 from the previous week's average of 214,750. Meanwhile, the report stated that continuing claims, a measure of the number of people receiving ongoing unemployment assistance, decreased by 99,000 to 1.838 million in the week ending on November 29.
The four-week moving average of continuing claims also fell to 1,918,000, a decrease of 27,000 from the previous week's average of 1,945,000. 12/11/2025 - 09:50:00 (RTTNews)
Singapore's labor market grew at a faster pace in the third quarter, underpinned by continued economic growth. Employment increased to 25,100 in the third quarter after rising 10,400 in the second quarter. Resident employment continued to expand and was driven by financial and insurance services and health and social services. Meanwhile, non-resident employment increased mainly in construction and manufacturing. At 2.0%, the overall jobless rate remained low in September. The resident long-term unemployment rate was unchanged at 0.9%.
The number of job vacancies decreased slightly in September. Vacancies fell to 69,200 in September from 76,900 in June. Job vacancies for professionals, managers, and executives remained firm. Economic uncertainties have receded since the first half of 2025. However, uncertainties will continue to weigh on firms, pointing to moderation for labor demand. 12/11/2025 - 00:30:00 (RTTNews)
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