Jobless claims fall to 350000

Jobless claims declined by 12,000 to 350,000 claims from 362,000 claims for the prior week, according to the latest jobless claims report.

|
SoldAtTheTop
Jobless claims declined by 12,000 to 350,000 claims since last week, according to the latest data. Currently there are some 1.32 million people receiving federal 'extended' unemployment benefits.

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

Seasonally adjusted “initial” unemployment claims declined by 12,000 to 350,000 claims from 362,000 claims for the prior week while seasonally adjusted “continued” claims declined by 8,000 claims to 2.874 million resulting in an “insured” unemployment rate of 2.2%. 

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 1.32 million people receiving federal “extended” unemployment benefits. 

Taken together with the latest 2.43 million people that are currently counted as receiving traditional continued unemployment benefits, there are 3.76 million people on state and federal unemployment rolls. 

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
The Christian Science Monitor was founded in 1908 to lift the standard of journalism and uplift humanity. We aim to “speak the truth in love.” Our goal is not to tell you what to think, but to give you the essential knowledge and understanding to come to your own intelligent conclusions. Join us in this mission by subscribing.
QR Code to Jobless claims fall to 350000
Read this article in
https://www.csmonitor.com/Business/Paper-Economy/2013/1024/Jobless-claims-fall-to-350000
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe