Unemployment Aid Hits 7-Month Low, Trade Gap Falls

The outlook for American jobs and trade looked a little brighter Thursday, despite growing uncertainty overseas.

The number of people who applied for unemployment benefits last week fell 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.



Read more: http://moneyland.time.com/2011/11/10/unemployment-aid-hits-7-month-low-trade-gap-falls/#ixzz1dKqLFh6h

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- Posted: 2011-11-10 13:59:36

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