A report released by the Labor Department on Thursday unexpectedly showed first-time claims for U.S. unemployment benefits dipped to their lowest level in nearly fifty years in the week ended September 15th.
The Labor Department said jobless claims edged down to 201,000, a decrease of 3,000 from the previous week's unrevised level of 204,000. Economists had expected jobless claims to rise to 210,000.
With the unexpected decrease, jobless claims fell to their lowest level since hitting 197,000 in November of 1969.
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