U.S. Jobless Claims Drop To Lowest Level In Over 50 Years

First-time claims for U.S. unemployment benefits fell to their lowest level in over 50 years in the week ended March 19th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims slid to 187,000, a decrease of 28,000 from the previous week's revised level of 215,000.