Last Week Lesser Number of Jobless Claims Filed, Points at Steady Labour Market
There are more signs which show that the economy is rolling and on the path of a rebound as fresh reports says that last week lesser number of people filed for unemployment. This is a positive mark that reveals signs of a steadily improving labour market.
The report on Thursday from the Labour Department revealed that in the past week 14,000 lesser people filed for unemployment. That's surely good news as it hints at a stronger labour market and lesser number of layoffs.
Economic experts also agree to the fact that this is a positive indication and with a continuous creation of jobs people will gain greater confidence and will be able to cope up with the post recession struggles which in a way will bring back the economy on the right track.
The jobless claims report also revealed that the number of people who are still now receiving benefits after the initial week of aid dropped by 49,000 to 2.50 million during week which ended on August 9. It was the lowest ever since June 2007 which pointed strongly towards a declining jobless rate.
New Zealand News
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