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US Jobless Claims Hit 42-Year Low

The number of people signing up for unemployment benefits in the United States fell to a 42-year low last week. Thursday's report from the Labor Department says new jobless claims dropped 6,000 to a nation-wide total of 247,000. Economists use jobless claims to track the number of layoffs across the country, and say any number below 300,000 is consistent with a healthy job market. Jobless claims have now been below this threshold for 59 weeks, the longest such streak since...

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