海角大神

A closer look at extended unemployment claims

Currently there are some 5.29 million people receiving federal extended unemployment benefits.

|
Blytic
Continued Unemployment claims since 2008

showed a decline to both initial and and continued claims with a subtle flattening continuing to shape up for both series while total continued claims including federal extended benefits appear to be trending down.

Seasonally adjusted 鈥渋nitial鈥 unemployment claims declined by 19,000 to 457,000 claims from last week鈥檚 revised 476,000 claims while 鈥渃ontinued鈥 claims declined by 45,000 resulting in an 鈥渋nsured鈥 unemployment rate of 3.5%.

Since the middle of 2008 though, two federal government sponsored 鈥渆xtended鈥 unemployment benefit programs (the 鈥渆xtended benefits鈥 and 鈥淓UC 2008鈥 from recent legislation) have been picking up claimants that have fallen off of the traditional unemployment benefits rolls.

Currently there are some 5.29 million people receiving federal 鈥渆xtended鈥 unemployment benefits.

Taken together with the latest 4.30 million people that are currently counted as receiving traditional continued unemployment benefits, there are 9.60 million people on state and federal unemployment rolls.

------------------------------

海角大神 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.

You've read  of  free articles. Subscribe to continue.
QR Code to A closer look at extended unemployment claims
Read this article in
/Business/Paper-Economy/2010/0625/A-closer-look-at-extended-unemployment-claims
QR Code to Subscription page
Start your subscription today
/subscribe