Low level of jobless claims could signal increased spending

In the years following the financial crisis, many Americans held back spending because they didn't feel secure in their jobs. However, now that the labor market has made great strides, future expenditures could increase, potentially signaling a bump in short term lending demand.

One of the major reasons the employment situation has been showing strength is the fact that first-time applications for unemployment benefits are relatively low. According to the U.S. Department of Labor, the week ending September 14 saw application volume increase by 15,000 to 309,000. This was less of an bump than economists surveyed by Bloomberg expected, as these experts projected at rise to 330,000 applications.

"The labor market is genuinely improving," Brian Jones, senior U.S. economist at Societe Generale, told Bloomberg. "Even if they're working through the backlog, these numbers seem to have a little bit more behind them than just processing problems."

Strong home value appreciation has also put consumers in a good position, as the latest Zillow Real Estate Market Report revealed that the growth rate reached 6 percent from the first time in seven years in July.

When favorable conditions exist, Americans tend to spend more money, but just because personal financial situations have improved doesn't mean money troubles are out of the picture. In fact, when consumers increase expenditure, they are at greater exposure, especially if an unexpected expense presents itself.

Fortunately, short term lending is available to provide assistance if need be. After a major purchase, a surprise trip the emergency room could be costly. But, using a short term loan, consumers can ensure all of their bills are paid on time, so no expensive late fees or penalties are incurred.