Reports: Jobless Claims Close to Pre-Recession Levels
Black Enterprise Magazine July/August 2018 Issue

According to reports, jobless claims are now near pre-recession levels. The Labor Dept reported that initial claims for state unemployment benefits increased by 2,000 to a seasonally adjusted 304,000 for the week ending April 12, and numbers stayed close to a 6 1/2-year low the prior week.

Data covered the survey week for April nonfarm payrolls. According to Reuters, “despite last week’s increase, claims were down 19,000 between the March and April survey periods, which suggests an acceleration in job growth.”

Janet Yellen, Federal Reserve Chair, told reporters that the economy was making “very meaningful progress.” She also said there is possibility that it would be back to almost full employment by the end of 2016.

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Janell Hazelwood

Janell Hazelwood is associate managing editor at Black Enterprise, managing content across core areas of Money, Career, Small Business and Technology. She is also a featured blogger with My Two Cents, providing insights on branding, millennial career development, employment trends and leadership. She was previously a content producer and copy editor for Black Enterprise magazine, working across several editorial sections. The Hampton University graduate got her start in the newspaper industry, having worked for companies including The New York Times and Scripps Howard News Service. Her works and insights have appeared on The Huffington Post, MadameNoire, E!Online, Brazen Careerist, CBS News, and Arise TV.