Low jobless claims point to the healing market
August 9 , 2013
The number of jobless claims in the United States had risen a little last week but the numbers have been on their lowest since before the recession. This is a hopeful sign for the American economy and it looks like the cycle of aggressive layoffs is finally over.
Chief economist in Chicago said the labor market is improving at a moderate pace. Economists also expect the Fed to reduce its bong-buying stimulus program soon enough.
Although the layoffs have been almost half as much as they were in 2009, the recovery in jobs has been more lackluster with employers adding just 162,000 workers to their payrolls last month.