Jobless claims fall by 12,000

Initial jobless claims declined to 365,000 over the past week while continued jobless claims declined by 6,000.

  • close
    This chart shows the total continued unemployment claims from Thursday's jobless claims report. Initial and continued jobless claims declined over the past week while seasonally adjusted initial claims remained below the closely watched 400,000 level.
    View Caption
  • About video ads
    View Caption

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

Seasonally adjusted “initial” declined by 12,000 claims to 365,000 claims from a revised 377,000 claims for the prior week while seasonally adjusted “continued” claims declined by 6,000 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.

Recommended: Obama vs. Romney 101: 5 ways they differ on jobs

Currently there are some 2.26 million people receiving federal “extended” unemployment benefits.

Taken together with the latest 3.11 million people that are currently counted as receiving traditional continued unemployment benefits, there are 5.38 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


We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.