Jobless Claims, Muted Inflation Point to a Recovery

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WASHINGTON -- New jobless claims dropped to the lowest level since January, and the prices of many household goods stayed low last month -- positive signs of stability for the fledgling economic recovery.

The decline in jobless claims shows companies are cutting fewer workers, though the drop isn't yet steep enough to signal new hiring, economists said. And the low level of inflation is holding down prices as Americans slowly regain their appetite to shop despite rising unemployment and tight-credit conditions.

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Jobless Claims, Muted Inflation Point to a Recovery

Thursday's reports "all point to an economy that is starting to grow again," said Bernard Baumohl, chief global economist at the Economic Outlook Group.

Low inflation is c...

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