According to some economists, the July decrease in unemployment so that it was the lowest in two years suggests that the gradual improvement in the job market is continuing.
so that it was the lowest in two years
so that it was the lowest two-year rate
to what would be the lowest in two years
to a two-year low level
to the lowest level in two years
more about "two-year" low
the principal objection here is that the meaning is incorrect/unclear: for instance, a 'two-year low level' could mean that it hit a low level and then stayed there for two years.
we can see that this answer choice has (or at least primarily suggests) the incorrect meaning: a two-year low level would be a low level that lasted for two years. that's not the intended meaning in the problem.
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