We've seen the trade deficit widen each of the last four years at relatively the same pace. What's going to happen because of Asian flu is it will widen twice as fast this year as it did each of the last four years.
These data suggest the post-holiday labor market will remain relatively soft -- probably delivering a little less than 200,000 new jobs a month on average.
The coincident economic indicators have been rising moderately but steadily in recent months, suggesting the economy is sustaining a relatively moderate pace.