NAM: US Trade Deficit Rises In September Despite Higher Exports The National Association of Manufacturers reports that the U.S. trade deficit rose from $58.66 billion in August to $61.54 billion in September. The stronger trade deficit resulted from an increase in goods imports that outpaced the rise in goods exports. The service-sector trade surplus slipped from $25.95 bil- lion, the highest since March 2018, to $24.76 billion. U.S.-manufactured goods exports totaled $967.50 bil- lion through the first nine months of 2023, using non-sea- sonally adjusted data, off 0.50 percent from $972.39 bil- lion year to date in 2022. At the same time, manufactured goods imports totaled $1,998.36 billion year to date, down 5.21 percent from $2,108.29 billion for the same time frame last year. The recent increase in continuing claims (to the high- est pace since the week ending April 15) is consistent with signs of possible cooling in the labor market, and yet, with initial claims remaining so low, the data continue to reflect overall employment strength. There were a few reports on credit conditions released last week. First, lending standards for commercial and in- dustrial loans remained tight in Q4. A net percentage of 33.9 percent of domestic banks CONTINUED ON PAGE 30
Burnout (CONT’D FROM PAGE 26)
a “nice to have.” It’s imperative if your company wants to keep their top talent and create a happy, thriving work- place and culture. The most successful burnout programs have these key components: accountability, support, encouragement, and Q&A. Burnout doesn’t go away on its own. With most indus- tries incurring staff shortages, it’s up to you, as a leader, to invest in your people if you want to keep them. Since the #1 reason why people leave organizations is due to burnout, it’s a huge opportunity for you to end the burnout epidemic by starting the dialogue, creating awareness and implementing a burnout program in your company. It’s a win-win for everyone. What will you do to help your people end burnout? Jessica Rector, MBA, author of the #1 best-selling “Blaze Your Brain to Extinguish Burnout” and nine other books, helps organizations, leaders, and teams Say Yes
to eradicate burnout and enhance mental health. As a burnout trail- blazer, her research is used in her consulting and speaking and often shared on her podcast, “The Say Yes Experience.” For how Jessi- ca can help your organization and
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