An increasing number of Americans filed for first-time unemployment claims during the week ending April 23, which may suggest many individuals are still struggling to find work.
According to the U.S. Department of Labor, seasonally adjusted initial claims climbed week-over-week to 429,000, during the seven-day period ending on April 23. This total, which was 25,000 claims higher than the week before, marked the highest level in three months.
Economists were not expecting claims to rise so high, in fact, some were expecting totals to fall to around 390,000, according to CNN Money.
With claims increasing, and the U.S. Department of Commerce reporting lackluster economic growth, a number of consumers may be struggling to make ends meet. Many may be searching for a way to make themselves more attractive job candidates.
One way they may improve their chances of getting hired is through credit repair.
Numerous reports have found employers are using credit checks during the hiring process, viewing individuals with poor three-digit numbers unfavorably. Some of these poor-credit applicants may be ostracized from the job market because of a credit reporting mistake.
Credit companies have been guilty in the past of reporting erroneous information about a person's account, which may negatively impact his or her credit report and score. But federal legislation has provided consumers with a way to defend against these errors. By working with a credit lawyer, who may have the skill set to keep these companies compliant with fair and accurate credit reporting practices, individuals may be able to improve their scores, and thus, their ability to land a job.