New Jobless Claims Drop Below 1 Million, But There's A Caveat

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Diana Yitbarek seeks information about her unemployment claim in Washington, D.C., in July. Applications for jobless benefits nationwide have been dropping but remain very high by historical standards.

Another 881,000 people applied for state unemployment benefits last week, the Labor Department says. That's down from the previous week, but the report comes with an asterisk.

(Image credit: Saul Loeb/AFP via Getty Images)