Jobless Claims Unexpectedly Fall to Near Lowest Level in 45 Years

Fewer Americans than expected filed for unemployment benefits last week, pushing jobless claims down to their lowest level in nearly 45 years. Initial claims for unemployment benefits fell by 9,000 to a seasonally adjusted 221,0000, the Labor market said Thursday. That put jobless claims near that 216,000 level hit in January, the lowest level since January 1973.-- More...