Goods trade deficit widens; labor market near full strength

A drop in U.S. exports last month pushed the country’s trade deficit in goods higher while the number of Americans filing for unemployment benefits fell last week in a positive sign for the labor market. The two reports released on Thursday suggested that when Donald Trump becomes president next month, the labor market will likely be at roughly full strength and international trade could be weighing on the economy. In an initial estimate that does not include trade in services, the Commerce Department said America exported $1.2 billion less in November than in October. Imports rose by $2.2 billion during the month. The full trade report for November is due on Jan. 6.

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