Unemployment and trade data suggest stronger U.S. growth

11/11/2011 | Reuters

New claims for U.S. unemployment benefits dropped last week for the second consecutive week, to the lowest since April. "Clearly, the labor market is improving, but at a very slow pace," said Omer Esiner, chief market strategist at Commonwealth Foreign Exchange. In September, the U.S. trade deficit shrank, suggesting that the economic recovery is speeding up slightly.

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