This is what caused the lowest level of US unemployment applications in 42 years

Reuters/Mario Anzuoni The number of Americans applying for unemployment benefits dropped rapidly last week, matching a record set in March that was the lowest since 1973. During the week that ended April 9, applications for jobless benefits dropped 13,000, to a seasonally adjusted 253,000, the Labor Department reported Thursday. An increase in unemployment applications is often seen as a proxy for an increase in layoffs, whereas a decline in people applying for the benefits – where workers�...