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Jobless Claims Hit 7-Year Low, But Data Weren't Complete

A plunge in the number of first-time claims for jobless benefits last week — to a 7-year-low 292,000 — can be partly explained away by "technical problems," Reuters writes:

A Labor Department analyst "said the majority of the decline appeared to be because two states were upgrading their computer systems and did not process all the claims they received during the week. One of the states was large and the other small, the analyst said."

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