Lowest Level of Jobless Claims Since 2007

Written by CFB Blogger. Posted in Blog

The number of new unemployment filings has recently fallen to almost its lowest level since the 2007-2009 recession, a hopeful glimmer of growth for the American labor market. According to a recent report from the Labor Department, first-time claims for state unemployment benefits plummeted by 1,000 to a seasonally-adjusted 287,000, for the week ending October 4. These were exceptionally good numbers, especially since many economists had expected unemployment claims to go up. According to a Reuters article appearing in the Chicago Tribune, these numbers are a further indication of an improving economy. Joseph LaVorgna, chief U.S. economist at Deutsche Bank in New York, stated, “’The labor market is entering into a potential boom.’” The article avers, however, that Federal Reserve officials “remain concerned about persistently low rates of inflation and are not seen in a rush to hike interest rates with the economies of key trading partners flagging”. If you are facing piles of unpaid credit card bills, medical bills and deficiencies on foreclosed mortgages or repossessed cars due to long-term unemployment, filing for Chapter 7 or Chapter 13 personal bankruptcy with a Client First Bankruptcy attorney at your side may be the key to your financial freedom. For your free initial phone consultation, please call us at 800-383-6004 Monday-Friday from 8:30 a.m. – 6:00 p.m. Central Time. For up-to-date information on filing your personal bankruptcy, you can log onto www.clientfirstbankruptcy.com anytime. We have helped thousands of clients discharge their debt; we may be able to help you too. Stop struggling with bills; stop dreading phone calls from creditors and start living debt-free. What are you waiting for? Call us today.