Unemployment applications near 6 year low

Women speak with an employment recruiter at the 'Beyond the Dream' job fair at the Brown Memorial Baptist Church in Clinton Hill, Brooklyn on August 28, 2013 in New York City.

In a hopeful but tentative sign for the job market, there's news today that fewer people signed up for unemployment benefits last week. That's more than expected and brings this down to the best level in nearly six years.  A four week average is also nicely down. Diane Swonk, chief economist at Mesirow Financial in Chicago discusses what this means to market players.

About the author

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

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