Jobless claims surge while trade deficit narrows (AP)

Treasury Secretary Henry Paulson calls on a reporter during a news conference at the Treasury Department in Washington, Nov. 12, 2008. (AP Photo/Susan Walsh)AP - Applications for unemployment benefits soared to the highest level since just after the Sept. 11, 2001, terrorist attacks while the trade deficit shrank more than expected as demand for imports plunged, further evidence of the struggling U.S. economy.


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