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In this Aug. 4, 2011 photo, job seekers line up to register as they arrive at the Career job fair in Arlington, Va. (AP Photo/Jose Luis Magana)

WASHINGTON (AP) — After calamitous losses on Wall Street and fears of another recession, the economy got a dose of good news Thursday: The number of people applying for unemployment benefits fell below 400,000 for the first time since April.

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