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U.S. Economy: Trade Deficit Unexpectedly Decreases

The U.S. trade deficit unexpectedly shrank in November as growing global demand and a weaker dollar help boost overseas sales of everything from aircraft to cotton.

The gap shrank 0.3 percent to $38.3 billion, the smallest in 10 months, as exports climbed to the highest level in more than two years, according to data today from the Commerce Department in Washington. Other reports showed increases in claims for jobless benefits and wholesale prices.