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US economic outlook brighter
THE outlook for American jobs and trade looked a little brighter yesterday, despite growing uncertainty overseas.
The number of people who applied for unemployment benefits in United States last week fell to a seasonally adjusted 390,000, the Labor Department said yesterday. That’s the fewest since April.
The US trade deficit narrowed to US$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.
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