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Unemployment Claims Drop; Trade Gap Narrows

Posted on November 10, 2011 by TRP

The number of people who applied for unemployment benefits last week fell by 10,000 to a seasonally adjusted 390,000, the Labor Department said Thursday. That’s the fewest since April.

The U.S. trade deficit narrowed to $43.1 billion in September, its lowest point of the year, the Commerce Department said. Foreign sales of American-made autos, airplanes and heavy machinery pushed exports to an all-time high.

The data suggest layoffs are easing and the economy grew slightly better over the summer than the government had estimated a month ago.

via Unemployment Claims Drop; Trade Gap Narrows : NPR.

 


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