Fewest Americans Collecting Jobless Aid Since 1970

According to the Labor Department, about 1.42 million Americans were collecting unemployment benefits the week of April 9 — the fewest in 50 years.

Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years.

Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday. The four-week average of claims, which levels out week-to-week volatility, rose by 4,500 to 177,250.

About 1.42 million Americans were collecting traditional unemployment benefits in the week of April 9, the fewest since February 21, 1970.