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Unemployment Benefits at a Historic Low

<p>The number of Americans collecting unemployment benefits is at a historic low&period;&nbsp&semi;<&sol;p>&NewLine;<p>Labor Department statistics from early November show that roughly 1&period;89 million Americans are currently receiving benefits&period; This is the lowest figure we&rsquo&semi;ve seen since 1973&period;<&sol;p>&NewLine;<p>Figures from November also show a nationwide unemployment rate of 4&period;1&percnt;&comma; the lowest level we&rsquo&semi;ve seen in nearly 17 years&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;Applications for unemployment benefits are a proxy for layoffs&comma;&rdquo&semi; reports <em>ABC News&period;&nbsp&semi;<&sol;em><&sol;p>&NewLine;<p>The country saw an estimated 260&comma;000 new jobs in October&comma;&nbsp&semi;as businesses in Florida and Texas reopened after being hit by hurricanes&period;&nbsp&semi;<&sol;p>&NewLine;<p>Third-quarter GDP growth was 3&percnt; following a similar rate in the first quarter&comma; marking the best back-to-back gain we&rsquo&semi;ve seen in three years&period;&nbsp&semi;&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;Overall&comma; these statistics suggest that the economic recovery that began in 2009 is still going strong&period;&nbsp&semi;<&sol;p>&NewLine;<p>&&num;8212&semi;<&sol;p>&NewLine;<p><em>The claims-taking process remains disrupted in the Virgin Islands&comma; but has improved significantly in Puerto Rico&period;<&sol;em><&sol;p>&NewLine;<p><strong>Editor&&num;8217&semi;s note&colon;&nbsp&semi;<&sol;strong> Hopefully this makes way for people who have given up looking for jobs to start searching again&period; We are not quite back a full economic power just yet&comma; but could be getting there&period;<&sol;p>&NewLine;

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