Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Unemployment claims decline

(Read article summary)
View video

SoldAtTheTop

(Read caption) This chart shows the number of initial and continues unemployment claims over the past two years. Initial unemployment claims declined by 9000 from last week, while continued claims fell by 28000

View photo

Today’s jobless claims report showed an decline to both initial and continued unemployment claims as a slight rising trend continued to materialize for initial claims.
Seasonally adjusted “initial” unemployment declined 9,000 to 423,000 claims from last week’s revised 432,000 claims while seasonally adjusted “continued” claims declined by 28,000 resulting in an “insured” unemployment rate of 3.0%.

Since the middle of 2008 though, two federal government sponsored “extended” unemployment benefit programs (the “extended benefits” and “EUC 2008” from recent legislation) have been picking up claimants that have fallen off of the traditional unemployment benefits rolls.

About these ads

Currently there are some 3.50 million people receiving federal “extended” unemployment benefits.

Taken together with the latest 3.29 million people that are currently counted as receiving traditional continued unemployment benefits, there are 6.79 million people on state and federal unemployment rolls.


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.