Share this story
Close X
Switch to Desktop Site

Jobless claims fall, but 9.3 million still on dole

(Read article summary)
View video


(Read caption) While jobless claims fell, the number of people still receiving benefits stands at 9.3 million.

View photo

Today’s jobless claims report showed notable declines to both initial unemployment claims and continued unemployment claims as a significant declining trend continued to materialize for both initial and traditional continued claims.

Seasonally adjusted “initial” unemployment dropped by a whopping 36,000 to 383,000 claims from last week’s revised 419,000 claims while seasonally adjusted “continued” claims declined by 47,000 resulting in an “insured” unemployment rate of 3.1%.

About these ads

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.

Currently there are some 4.63 million people receiving federal “extended” unemployment benefits.

Taken together with the latest 4.63 million people that are currently counted as receiving traditional continued unemployment benefits, there are 9.27 million people on state and federal unemployment rolls.

Add/view comments on this post.


The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.