Outlook 4516

Economic Outlook: December 6, 2019

Dec 6, 2019  | Ep4516

Agriculture continues to wait for a deal with China. As the negotiation roller-coaster ride continues, the trade war is putting a drag on some but not all sectors of the economy. --
The unemployment rate returned to a five-decade low of 3.5 percent as 266,000 jobs were added.  About 45,000 of those new jobs were striking auto-workers returning to work.
Trade wars and a slowing global economy pushed the Mid-America Business Conditions Index below growth neutral to a three-year low.  
Imports and exports have fallen in the wake of those trade wars. In October, the trade deficit fell 7.6 percent leaving the gap at a 17-month low of $47.2 billion.

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