Forex News. Jobless claims fell 58k to 346k, the biggest drop in almost three years. But a Labor Department analyst cautioned against interpreting the decline as a sign of better days ahead in the economy. Seasonal adjustments are difficult in early July due to seasonal layoffs in automobile and other manufacturing industries, the analyst said, and an increase is likely next week. Continuing claims rose by 91,000 to 3,202,000. That's the highest level since December 2003.
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