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Jobless claims at lowest level since 1973

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Around 222,000 Americans filed for jobless claims for the first time last week. That’s the smallest number since March 1973.

While the economy lost 33,000 jobs in September — mostly due to the impact of hurricanes — job growth is expected to rebound this month and later this fall.

Economists use unemployment insurance claims as a barometer of the job market, according to CNNMoney.

Read more from CNNMoney.

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