RPT-WRAPUP 1-U.S. new jobless claims rise in latest week

* New jobless claims rise 13,000 to 462,000

* Continuing claims drop 112,000 to lowest since Nov. 2008

* Trade gap widens as deficit with China hits record

* Federal Reserve still seen easing policy next month

(Refile to add graphics links)

By Corbett Daly and Doug Palmer

WASHINGTON, Oct 14 (BestGrowthStock) – New U.S. claims for jobless
benefits rose last week, hardening the view the central bank
will pump more money into the economy, and keeping pressure on
Democrats poised to lose congressional seats in Nov. 2 polls.

At the same time, record-high imports from China helped
push the U.S. trade deficit wider in August, while rising food
and energy prices pushed inflation at the wholesale level up
twice as fast as expected last month. For details see
[ID:nN13264713] and [ID:nN14103290]

Initial claims for state unemployment benefits rose to a
higher-than-expected 462,000 in the latest week, the Labor
Department said on Thursday. [ID:nN13264713] [ID:nLLAELE665]

Economists polled by Reuters had expected initial claims at
445,000 in the latest week.

“These numbers don’t fall out of the range of expectations,
so they don’t move the needle too much,” said Jason Pride,
director of investment strategy at Glenmede Investment and
Wealth Management in Philadelphia.

The number of unemployed workers continuing to collect
insurance benefits fell 112,000 to 4.399 million in the week
ended Oct. 2, the lowest level since November 2008.

Prices for U.S. Treasury securities were little changed
after the data’s release. The U.S. dollar briefly extended
losses and stock index futures trimmed their gains.

In a separate report, the Labor Department said U.S.
producer prices rose 0.4 percent in September and the core
index, which excludes volatile food and energy prices, rose 0.1
percent in the month. [ID:nN13264713] [ID:nLLAELE664]

The U.S. trade deficit for August jumped 8.8 percent to a
larger-than-expected $46.4 billion, pushed by record imports
from China that helped the U.S. deficit with Beijing set a new
record of $28.0 billion, the Commerce Department said.

American voters unhappy at high unemployment are set to
oust President Barack Obama’s Democrats from control of the
U.S. House of Representatives in Nov. 2 elections, a
Reuters-Ipsos poll projected on Wednesday. [ID:nN13258322]

The U.S. growth outlook has darkened significantly and the
Federal Reserve is unanimously expected to embark on a fresh
round of asset purchases to prop up the economy, a separate
Reuters poll showed. [ID:nSLAELE6FL]

For a graphic on U.S. third quarter foreclosure filings,
click on:


For a graphic on U.S. jobless claims:


For a graphic on U.S. producer price index:


For a graphic on the U.S. trade balance:


Reuters poll on U.S. growth outlook: [ECILT/US]
(Additional reporting by Ryan Vlastelica; writing by Jason
Lange, Editing by Chizu Nomiyama)

RPT-WRAPUP 1-U.S. new jobless claims rise in latest week