workersThe U.S. trade deficit shrank slightly in November, the government said. But there was less positive news, too.
The trade gap declined by 0.3 percent, as exports went up slightly faster than imports, and now stands at $38.3 billion. This is the second straight month it has narrowed. But the gap with China -- the country around which concerns over the trade deficit are strongest -- actually grew by 0.5 percent, to $25.63 billion.
There was also disappointing economic news closer to home. New jobless claims rose last week by 35,000, to 445,000, according to the Labor Department. It's another sign that though the economy is showing signs of strength, high unemployment rates could persist.
(Photo: AP/Steve Sheppard)
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