We keep hearing/reading that the U.S. job picture is improving. An article published today on nbcnews.com, “Jobless claims point to healing employment market,” said “the number of Americans filing new claims for jobless benefits rose slightly last week but was still near its lowest level since before the 2007-09 recession, a hopeful sign for the U.S. economy.
“The four-week average of new claims … fell to its lowest since November 2007, just before the United States fell into a calamitous recession.
“Now it appears that a long cycle of aggressive layoffs—which had fueled a surge in unemployment and helped shape two presidential elections—is over.
"'The overall economy and the labor market are improving at a moderate pace,” said Lindsey Piegza, chief economist at Sterne Agee & Leach in Chicago."
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