New Figures Show Revival of Economy

Summary


WASHINGTON - The ending of the recession is reviving global trade, increasing U.S. imports by a record amount in July and boosting foreign demand for American goods for a third straight month.

While the job market remains a long way from recovering, first- time claims for unemployment benefits fell more than expected last week, offering some cause for optimism.

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Extract


New Figures Show Revival of Economy

The jump in imports could be a sign that U.S. consumer spending is recovering...

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