Jobless claims at 6-year low, but hiring lags

WASHINGTON • Americans who have a job may take comfort in knowing that companies are laying off fewer people than at any time since before the Great Recession. The government said Thursday that weekly applications for U.S. unemployment benefits have averaged 335,500 over the past month. That’s the lowest level since November 2007, which was one month before the recession began. But while most companies have stopped cutting jobs, many remain reluctant to hire. That’s bad news for the roughly 11.5...

Share this post