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Jobless claims in the U.S. reached the lowest they have been in four decades in the week that ended on July 18. Twenty-six thousand fewer jobless claims were filed that …

Unemployment claims dropped last week, another sign that the economy and the overall job picture may be improving as the country heads into the holiday season.

According to the federal Department of Labor, jobless claims fell by 10,000 to 316,000. Most experts had projected about 330,000 jobless claims, according to an article from Reuters.

The U.S. economy grew at the best rate in a year and half in the third quarter of 2013, which ended in September.

Revised numbers from the U.S. Department of Commerce show that the nation’s gross domestic product expanded by 3.6%, a number that easily beat the prediction from economists of a 3.1% growth rate.

The number is the highest since a 3.7% expansion in the first quarter of 2012.

Retail sales rose more than expected during May, providing another encouraging sign to economists about the current U.S. economy. A Commerce…