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Economy - Page 15

Unemployment
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Fewer Seek Jobless Aid as Storm Distorts Data

The number of people seeking unemployment benefits fell sharply to a seasonally adjusted 410,000 last week, though the figure was elevated for the second straight week by Superstorm Sandy.

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New Home Construction
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New Home Starts Jump to Fastest Pace in 4 Years

U.S. builders started construction last month on the most single-family homes and apartments since July 2008, more evidence that the housing recovery is gaining momentum.

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A "House For Sale" sign is visible in front of an existing home
Tim Boyle/Getty Images

US Home Sales Rise 2.1 Percent in October

U.S. sales of previously occupied homes rose solidly in October, helped by improvement in the job market and cheap mortgages.

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Money (FILE)
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Fiscal Cliff Negotiators are Facing High Hurdles

White House and congressional negotiators will have to clear a series of high hurdles to avert a package of tax increases and spending cuts by year's end.

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Detroit Area Economy Worsens As Big Three Automakers Face Dire Crisis

US Industrial Production Drops 0.4 Percent

Superstorm Sandy depressed U.S. industrial output in October, while production of machinery and equipment declined sharply, reflecting a more cautious outlook among businesses.

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East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
(Photo by Bruce Bennett/Getty Images)

Superstorm Sandy Pushes US Jobless Claims to 439K

Superstorm Sandy drove the number of people seeking unemployment benefits up to a seasonally adjusted 439,000 last week, the highest level in 18 months.

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A motorist fills up gas
(Photo by Cameron Spencer/Getty Images)

US Wholesale Prices Fell 0.2 Percent in October

Wholesale inflation fell in October as a big drop in gasoline and other energy prices offset a rise in the cost of food.

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Traders work on the floor of the New York Stock Exchange
Andrew Burton/Getty Images

Another Weak Open on Wall Street; JC Penney Slides

Stocks are opening mostly lower on Wall Street, extending the market's slide to a third day.

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A "House For Sale" sign is visible in front of an existing home
Tim Boyle/Getty Images

Average Rate on 30-year Loan Rises to 3.40 Pct.

The average U.S. rate on the 30-year fixed mortgage was little changed this week, staying slightly above its record low. Cheaper mortgages are helping drive a modest housing recovery.

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A cargo ship enters the harbour
Mark Dadswell/Getty Images

US Trade Deficit Narrows to $41.5 Billion

The U.S. trade deficit declined to the lowest level in almost two years as exports rose to a record high, a gain that is not expected to last given the global economic slowdown.

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