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BREAKING: Weekly Jobless Claims Fall to Lowest Level Since January 2008

New claims for unemployment benefits fell last week to 330,000 -- the lowest level since January 2008 -- from 335,000 the week prior.

Claims were expected to increase to 355,000.

The Labor Department said the four-week moving average, which smooths out volatility, is at its lowest since March 2008 while continuing claims are at their lowest point since July 2008.

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