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Unemployment applications near 6 year low

The number of Americans seeking unemployment benefits fell to its lowest level last week since June 2007.

In a hopeful but tentative sign for the job market, there’s news today that fewer people signed up for unemployment benefits last week. That’s more than expected and brings this down to the best level in nearly six years.  A four week average is also nicely down. Diane Swonk, chief economist at Mesirow Financial in Chicago discusses what this means to market players.

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