Unemployment falls to lowest level in seven years

By: Matt McGovern Email
By: Matt McGovern Email

Economists say the lower unemployment rate is a good indication that companies are cutting fewer jobs and hiring more people.

This year, employers have added an average of 214,000 jobs a month.

(NBC) - The unemployment level fell last week to nearly the lowest level in seven years.

According to the Labor Department, applications for unemployment benefits declined to 2.63 million, the lowest its been since November 2007.

Economists say the lower unemployment rate is a good indication that companies are cutting fewer jobs and hiring more people.

This year, employers have added an average of 214,000 jobs a month.

The decline in the unemployment rate is a good omen as we await the Labor Department's May job report to be released next Friday.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KGNS-TV 120 W. Del Mar Blvd., Laredo, TX 78041 Fax: 956-267-8649 News Hotline: 956-723-5161 956.727.8888 email8@pro8news.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 261106661 - kgns.tv/a?a=261106661