U.S. unemployment claims just plunged to their lowest level in over 50 years

Initial claims dropped by 26,000 from the prior week, well below analyst expectations of 212,000

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The Labor Department reported that U.S. initial unemployment claims totaled 189,000 for the week ending April 25, down 26,000 from a revised prior-week figure of 215,000. That is the lowest reading in more than 50 years, according to The Associated Press, citing research firm High Frequency Economics, which said the figure was the fewest new applications since September 1969.

Analysts had........

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