Unemployment continues to climb

Posted by: Barthélemy Barbancourt

Tagged in: Untagged 

The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.

The rise is the fourth in the past five weeks.

The number of people continuing to claim benefits was unchanged at 4.6 million. That data lags initial claims by a week.

But the so-called continuing claims do not include millions of people who have used up the regular 26 weeks of benefits typically provided by states, and are receiving extended benefits for up to 73 additional weeks, paid for by the federal government.

More than 5.8 million people were receiving extended benefits in the week ended Jan. 16, the latest data available, up from about 5.6 million the previous week. The extended benefit data isn't seasonally adjusted and is volatile from week to week.

10.4 million people are unemployed and Obama is worried about the Miranda rights of the Fruit of the Boom Christmas bomber?

One term is looking to be too long for this boob.

Trackback(0)
Comments (1)add comment
0
...
written by K-Rod , February 04, 2010

Is there an updated plot of unemployment for Obama's projected "with stimuloss" and "without the stimuloss" versus reality? I haven't seen an update recently.



Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.

busy