US claims for unemployment aid hit lowest level since 1969

The number of Americans filing for unemployment benefits dropped to the lowest level in nearly half a century.The Labor Department says claims for jobless aid fell by 5,000 last week to 192,000, lowest since September 1969. The four-week average, which is less volatile, dropped by 6,000 to 201,250, lowest since November 1969.Weekly claims have been at historically low levels — below 300,000 — for more than four years.Unemployment claims are a proxy for layoffs. The low levels show th