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US Weekly Jobless Claims Near 57-Year Lows

New claims for unemployment benefits dropped to near 57-year lows last week amid low layoffs, suggesting a modest pickup in October job growth after September’s underwhelming performance.

By Lucia MutikaniThe number of Americans filing new claims for unemployment benefits dropped to near 57-year lows last week amid low layoffs, suggesting a modest pickup in job growth in October after September's underwhelming performance.The weekly jobless claims report from the Labor Department on…