Thursday, July 12, 2007

U.S. trade gap widens on oil, jobless claims fall

(Reuters) - A separate weekly report showed the number of Americans applying for first-time jobless benefits fell more than expected, suggesting continued labor market strength.




The May trade shortfall widened 2.3 percent to $60 billion from a revised $58.7 billion in April, the Commerce Department said.


Read more at Reuters.com Economic News

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