U.S. Sees Lowest Unemployment Claims Since 1973

By |2019-05-19T02:36:39-04:00April 19th, 2016|Uncategorized|

Based on statistics from the U.S. Department of Labor, the number of people filing for unemployment benefits dropped to a level that hasn’t been seen since 1973. This is a good sign that the U.S. economy is recovering from the recession. In terms of hiring however, this could mean that companies will have a lot of competition when trying to hire new employees.

Bloomberg chart

Image source: Bloomberg News

For more information, see this article.