A new report from the Labor Department revealed that the number of Americans filing first-time claims for unemployment fell to the lowest level in six weeks; however, this hasn’t stopped hiring managers from predicting a grim summer on the job front. According to a survey from SnagAJob.com, 47 percent of hiring managers don’t plan to hire any seasonal workers this summer.
These two conflicting reports could represent the confusion the economy is suffering as it pushes toward recovery – somewhat.
Jobless Claims Drop to 6-Week Low
According to the weekly report from the Labor Department, 442,000 initial jobless claims were filed the week ended March 20. This represents a 14,000 drop from the 456,000 initial jobless claims filed the week prior.
Economists from Briefing.com had expected the new claims to have fallen that week, but not quite as low as they did.
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