Empire Digital Products CEO Comments on Decrease of US Weekly Unemployment Aid Applications

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Empire Digital Products CEO, Scott Brodsky, comments on the decrease of US weekly unemployment aid applications

As the CEO of a company, I’m happy to hear that layoffs are decreasing...

On May 7, Empire Digital Products CEO Scott Brodsky releases a comment on a recent Washington Post article that discusses a decrease in applications for weekly unemployment aid in the United States.

According to the May 2nd Washington Post article titled, “US weekly unemployment aid applications drop to 324K, lowest in 5 years, sign of fewer layoffs,” the number of Americans seeking unemployment aid from the government fell to 324,000 last week, the lowest it has been since January 2008. This number directly correlates to fewer layoffs and possibly more hiring.

The U.S. Labor Department reported that weekly applications fell by 18,000 last week which is the second straight drop. Generally, applications are a representation of layoffs.

But fewer layoffs are not the only solution to the country’s economic problems, says the article. Companies also need to be confident enough to add workers for job growth to pick up and lower the unemployment rate.

Regardless, consumers are more “optimistic that the job market is healing.” Economists say that the economy added approximately 160,000 jobs last month.

Empire Digital Products CEO, Scott Brodsky, finds this news to be a step in the right direction. “As the CEO of a company, I’m happy to hear that layoffs are decreasing. Fewer layoffs mean a healthier economy. It has taken us a while and will still continue to do so, but I feel as though I, as well as other business owners, can feel confident that our economy is finally heading the right direction.”

Founded by one of the industry’s top professionals, Empire Digital Products has revolutionized the copier industry. With access to over 50 service staff and multiple warehouses, there is nothing we do not have and no place we cannot be. Currently, EDP boasts a 98% client retention rate – which, in such a competitive industry, is something we see as a testament to our hard work and dedication to our clients.

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