Jobless claims hit lowest level since 2007

Traders work on the floor of the New York Stock Exchange. What do the new jobs numbers mean for the economy?

Good news on the unemployment front. Jobless claims are in for last week, and 333,000 people applied for unemployment benefits. In the last month, the number of jobless claims hit its lowest level since 2007. Diane Swonk, chief economist at Mesirow financial, explains what this means for the economic recovery.

About the author

Diane Swonk is chief economist with Mesirow Financial, based in Chicago.

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