Unemployment continues to climb
Posted by: Barthélemy Barbancourt
on Feb 04, 2010
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.

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.

Unemployment continues to climb