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It looks like layoffs are slowing down a bit. The Labor Department announced the lowest reading in unemployment claims since January. Initial claims for state unemployment insurance fell to 565,000 in the week ended July
4 from 617,000. The number of people on unemployment benefits is 6.883 million, according to CNBC.However, there are still several banks and law firms making cuts. The latest rumors and reports of layoffs in the finance industry are at Colonial BancGroup, Key Bank and DLA Piper.
It's a tough employment market for financial professionals, but there are jobs as companies are hiring. In fact, Barclays plc (NYSE:BCS) and Aladdin Capital are just a few companies hiring. Here's our pick of the day from The Deal's Career Channel: For a roundup of all the announced layoffs to date, check out The Deal's Pink slips on Wall Street Dealwatch or any of the links below. Also, feel free to leave us any layoff or hiring rumors you are hearing. - Maria Woehr Follow me on Twitter: Also see: Finance Layoffs: Wells Fargo, Stanford and more Finance Layoffs: 467K jobs lost Finance Layoffs: Wells Fargo and more Finance Layoffs: Lloyds, GE Capital and more Finance Layoffs: HSBC, LSE and more Finance Layoffs: Jobless claims rise Finance Layoffs: Barclays and more
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