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The Boston Globe

Business

Data raise hopes for faster US economic growth

WASHINGTON — Fewer people are losing their jobs. Employers are struggling to squeeze more work from their staffs. The United States is producing so much oil that imports are plunging, narrowing the trade deficit.

A string of data released on Thursday raised hopes for stronger hiring and US growth in coming months. More jobs would spur spending and help energize the economy, which has yet to regain full health nearly four years after the Great Recession ended.

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