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Washington Post:  Economy might be gaining traction, new data suggest

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After a spring and summer of weak economic indicators, a flurry of fresh data suggest key sectors of the economy might be gaining traction, just as the battle for the White House enters the final round.

The long-moribund housing market has bustled to life, with prices and new-home construction rising in recent weeks. Hiring, so weak earlier this year, picked up last month. And on Thursday, the government reported an acceleration of a downward trend in the number of people seeking unemployment insurance, as well as a sharp improvement in U.S. exports.

Together, the signs point to an improving economy, a potentially important shift for President Obama’s re-election campaign.

“The better the economy between now and November, the better it is for Democrats and Obama,” said Ray C. Fair, a Yale University professor who studies the relationship between economics and electoral outcomes.

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