Economic indicators slip as deficits widen in November
Washington reports a 0.4 percent drop in leading economic indicators for November, the first decline in 15 months amid slower growth. The year ends with a projected record deficit near 70 billion dollars and a November trade deficit of 7.4 billion, the second worst on record, improving only from October.
MENTIONED IN THIS ARTICLE
Washington
UPI
Recovery Still On Target Amid Record Overseas Gap
In a West Coast speech Paul Volcker indicated the nation’s recovery remains on target as the economy posted an $8.97 billion larger outflow abroad than earnings for the month. Analysts noted the drop in inflation may not align with earlier expectations.
MENTIONED IN THIS ARTICLE
Paul Volcker
Unemployment Claims Jump 20 000 in Week
The Labor Department reported mid-December initial unemployment claims rose to 385,000 for the week ended Dec 17, seasonally adjusted, up 20,000 from the prior week’s 365,000 which was the lowest since June 16, 1979. The total does not include 956,200 people on other state and federal programs, including 839,100 under federal supplemental compensation.
MENTIONED IN THIS ARTICLE
Washington
UPI
Labor Department
Ah Seemakeene
Hydrogen sulfide leak at Flores Canyon plant prompts evacuation
In Santa Barbara California officials blamed human error at a single day operation of a Flores Canyon gas plant for releasing hydrogen sulfide into natural gas. About 60 000 customers were evacuated as the plant remained closed while alternative facilities service customers. The warning covered most areas with some exceptions near Lompo c and Vandenberg AFB.
MENTIONED IN THIS ARTICLE
Santa Barbara
Calif
UPI
Flores Canyon Tree
Ina Rosenberg
Southern California Gas Co
North
Lompoc
Vandenberg Afb
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