The Hughes Team

Colorado Springs Real Estate by Hughes


Unemployment applications drop to a four year low

The number of individuals seeking unemployment benefits dropped to a four year low last week, an indicator that the job market is steadily improving.  The Labor Department reported that weekly applications for unemployment benefits dropped 13,000 to 348,000, the fewest number of claims since March 2008. The consistent decline indicates that companies are laying off fewer workers, and hiring is likely to pick up further. Faster economic growth is spurring the additional hiring. 

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Posted on February 20, 2012 10:03:44 by The Hughes Team
Posted in Economic News

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