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US jobless claims drop to lowest level since 1973

WASHINGTON (AP) - Just 223,000 Americans applied for unemployment benefits last week, fewest in nearly 44 years.

THE NUMBERS: The Labor Department says unemployment claims dropped by 19,000 from 242,000 the previous week to the lowest level since March 1973 when Richard Nixon was president. The four-week average, which is less volatile, fell by 6,250 to 234,250, lowest since April 1973.

Overall, 2.07 million Americans are collecting unemployment benefits, down more than 7 percent fro

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