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Jobless claims fall to lowest level in 14 years

Jobless claims fall to lowest level in 14 years

The number of Americans filing new claims for jobless benefits fell to a 14-year low last week and industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook. Initial claims for state unemployment benefits dropped 23,000 to 264,000, the lowest level since 2000, the Labor Department said on Thursday. A separate report from the Federal Reserve showed production at the nation's factories, mines and utilities advanced a larger-than-expected 1.0 percent last month, the biggest gain since November 2012. The data offered evidence the economy remained on solid ground, with the labor market gaining steam. Investors in recent days have...

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