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Reports: US Job Market Remains Strong; Merchandise Trade Deficit Gets Worse

New data Thursday paint a mixed picture of the U.S. economy. A report on the job market shows a slight increase in the number of people signing up for unemployment assistance last week. But the data also show that the number of people laid off remains at a low level consistent with a strong job market, where it has been for well over two years. Economists say strong employment data will encourage the U.S. central bank to raise interest rates at its next meeting in June. The U.S....

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