Thursday, July 12, 2007

WRAPUP 2-U.S. trade gap widens on oil, jobless claims fall

(Reuters) - WASHINGTON, July 12 - The U.S. trade deficit
widened in May as rising oil prices pushed imports to an
all-time high, outstripping record exports, a government report
showed on Thursday.




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


Read more at Reuters.com Economic News

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