Skip to: Content
Skip to: Site Navigation
Skip to: Search

Paper Economy

Unemployment claims fall to a four-year low

Initial jobless claims  declined to 357,000 claims from last week’s revised 363,000 claims, while seasonally adjusted “continued” claims declined by 16,000 resulting in an “insured” unemployment rate of 2.6 percent.

By Guest blogger / April 5, 2012

This chart shows the rate of initial and continued unemployment benefit claims over the past three years. Initial jobless claims declined to 357,000 claims, the lowest total in four years.



Today’s jobless claims report showed that both initial and continued unemployment claims declined while seasonally adjusted initial claims continued to trend well below the closely watched 400K level.

Skip to next paragraph

Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

Recent posts

Seasonally adjusted “initial” declined to 357,000 claims from last week’s revised 363,000 claims while seasonally adjusted “continued” claims declined by 16,000 resulting in an “insured” unemployment rate of 2.6%.

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 3.25 million people receiving federal “extended” unemployment benefits.

Taken together with the latest 3.69 million people that are currently counted as receiving traditional continued unemployment benefits, there are 6.95 million people on state and federal unemployment rolls.

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

  • Weekly review of global news and ideas
  • Balanced, insightful and trustworthy
  • Subscribe in print or digital

Special Offer


Editors' picks

Doing Good


What happens when ordinary people decide to pay it forward? Extraordinary change...

Danny Bent poses at the starting line of the Boston Marathon in Hopkinton, Mass.

After the Boston Marathon bombings, Danny Bent took on a cross-country challenge

The athlete-adventurer co-founded a relay run called One Run for Boston that started in Los Angeles and ended at the marathon finish line to raise funds for victims.

Become a fan! Follow us! Google+ YouTube See our feeds!