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August 11, 2010 9:00 AM, EDT

U.S. Trade Deficit Takes Record Jump

Kimberly White/Bloomberg News

The U.S. trade deficit widened by $7.9 billion in June, the biggest increase since records began being kept in 1992, the Commerce Department said Wednesday.

The 19% increase from May put in the gap between imports and exports at $49.9 billion, the highest level since October 2008, Commerce said.

The deficit was at the high end of economists’ forecasts of $38 billion to $50 billion, Bloomberg reported.

Imports climbed 3% to $200.3 billion, while exports fell by 1.3% to $150.5 billion, the biggest decline since April 2009.