BREAKING: Unemployment falls to lowest level in 7 years

Great news for job seekers and those looking to leave their companies for new opportunities: Per government data released Thursday, unemployment has dropped to 5.3%, surpassing many economists' expectations. We haven't seen the rate this low since April 2008.

Hiring has picked up all across the board. From financial services to healthcare, employers continue to add jobs to their ever-increasing payrolls.

The great news was tempered by the fact that wage growth remains stubbornly stagnant.

Still, more jobs mean more opportunities for people to go back to work, which translates into more money in their pockets. This, in turn, will spur spending and stimulate the economy. After all, consumer spending accounts for 70% of the U.S. economy.

How do you feel about the news? Do you feel the economy is improving?

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