Initial jobless claims plunge to their lowest level since 1973

Initial jobless claims unexpectedly dropped to their lowest level since 1973.
Claims, which count people applying for unemployment insurance for the first time, fell to 235,000.
That is the lowest level for claims since November 24, 1973 when it was 233,000. Plus, claims have been below 300,000 for 89 consecutive weeks.
Economists had forecast claims ticked up slightly to 257,000 last week, according to the Bloomberg survey.
"It is impressive that claims have achieved the same level of the