Latest US Unemployment Numbers

Oct. 14, 2010 - PRLog -- Andover, Massachusetts October 14th, 2010 – The Labor Department released the latest unemployment numbers this morning for last week, and it showed a slight increase last week of 13,000 to a seasonally adjusted level of 462,000. While this may seem like more bad news, its only the 2nd time in the past two months that we saw a rise in the number of new claims. Obviously we had hoped for continued drops but this news should not be taken as the economy is turning back towards a recession. The holiday season is coming, and with announcements of record seasonal hirings already being made by major retailers, we should see these numbers come down considerably over the next 2 months. While these will be temporary jobs, they could be the engine that drives new permanent hiring in the new year if the holiday season exceeds expectations.

Remember, there will be many more ups and downs over the next 6-12 months, but the general trend is towards more hiring and less Americans filing for unemployment benefits. On the positive side, this week has seen a flurry of positive quarterly reports from major firms which have helped boost the stock market over the important 11,000 mark. Stay tuned, this will be something to keep a close eye on as we move towards the end of 2010.

Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.

For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .

Contact:                                                        
Stephan Tavernini
Marketing Coordinator
Certified Educator in Personal Finance
Certified IAPDA Debt Arbitrator
stavernini@pfs1.net

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Preferred Financial Services is the leading voice in the debt settlement industry. PFS has worked with hundreds of creditors to help negotiate realistic goals for those drowning credit card debt.