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Politics : Formerly About Applied Materials

AMAT 307.20

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To: StanX Long who wrote (60880)	2/22/2002 1:13:03 AM
From: StanX Long	Read Replies (1) of 70976

Initial Jobless Claims Increase By BLOOMBERG NEWS February 22, 2002 nytimes.com ASHINGTON, Feb. 21 (Bloomberg News) — The number of Americans who filed initial claims for state unemployment benefits rose 10,000 last week, the Labor Department reported today. The number remained below 400,000 for the seventh consecutive week, the longest such stretch since the recession began almost a year ago, providing a sign of recovery. A separate report from the Commerce Department showed that the United States trade deficit in goods and services unexpectedly narrowed to $25.3 billion in December from $28.6 billion in November as oil prices fell. For all of 2001, the trade deficit narrowed to $346.3 billion from a record gap of $375.7 billion in 2000. Two other reports released today offered signs that the economy might be rebounding. The index of leading economic indicators rose in January for a fourth consecutive month and manufacturing in the Philadelphia area improved.

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