Jobless claims numbers show small declines
Jobless claims for the week show declines in both initial and continued unemployment claims this period, while seasonally adjusted initial claims remained below the closely watched 400K level.
This chart shows total continued employment claims over the past two years. Both initial and continued unemployment claims declined this period while seasonally adjusted initial claims remained below the closely watched 400K level.
SoldAtTheTop
Today’s jobless claims report showed an decline to both initial and continued unemployment claims while seasonally adjusted initial claims remained below the closely watched 400K level.
Skip to next paragraphRecent posts
Subscribe Today to the Monitor
Seasonally adjusted “initial” declined to 386,000 claims from last week’s revised 392,000 claims while seasonally adjusted “continued” claims declined by 15,000 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 2.70 million people receiving federal “extended” unemployment benefits.
Taken together with the latest 3.10 million people that are currently counted as receiving traditional continued unemployment benefits, there are 5.80 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 paper-money.blogspot.com.
Follow Us