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Harvey boosts jobless claims to 2-year high

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Largely due to Hurricane Harvey's impact on the economy, jobless claims jumped to a more than two-year high last week.

Unadjusted claims for Texas surged 51,637 last week, accounting for 95.6 percent of the total.

Still, overall claims remained below 300,000, which is seen as the threshold associated with a healthy labor market.

Read more from Reuters.

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