New Claims for Unemployment Benefits Fall

New claims for unemployment benefits fell last week. The drop to 233,000 is good news and an indication that companies are not reducing their workforce.

Late summer is an interesting time of year for employment in that summer jobs start to wind down and come to an end. Analysts state that the interesting fact this year is that many companies did not hire as many summer employees as previous years. This means that fewer will be laid off as the season ends.

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