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US weekly jobless claims hit 42-year low

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The number of people who filed for unemployment claims last week hit a 42-year low.

The total was 247,000, which is the lowest level since November 1973, according to the U.S. Department of Labor.

Jobless claims now have been below 300,000 for 59 consecutive weeks, the longest streak since 1973.

Read more from CNNMoney.

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