Filings for initial unemployment claims in the United States, dropped 5,000 for the first-time last week, for a seasonally adjusted total of 166,000, the lowest level since 1968, according to a report from the Labor Department on April 7. The previous week’s report was revised down from 202,000 to 171,000 claims for the week ending March 26. The four-week average for claims, which compensates for weekly volatility, was revised lower by 8,000 to 170,000 from the previous week’s 178,000, which was revised down by 30,500 from 208,500. The projected number for all legal residents applying for jobless benefits for the week of March 26, rose to 1.523 million, an increase of 17,000 from the previous week’s revised level of 1.506 million. The total number of individuals receiving unemployment benefits declined to 1.72 million, a massive decline from the 18.4 million a year ago, when the government was providing stimulus assistance to …