Jobless claims decline by 37,000

Jobless claims declined by 37,000 to 335,000 claims from a revised 372,000 jobless claims for the prior week, according to the latest data.

By SoldAtTheTop,?Guest blogger / January 17, 2013

This graph charts jobless claims since 2010. Currently, there are 5.34 million people on state and federal unemployment rolls.

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Today?s jobless claims report?showed a notable decline for initial jobless claims and an increase to continued jobless claims as initial claims trended well below the closely watched 400K level.?

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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Seasonally adjusted ?initial? unemployment claims declined by 37,000 to 335,000 claims from a revised 372,000 claims for the prior week while seasonally adjusted ?continued? claims rose by 87,000 claims to 3.214 million resulting in an ?insured? unemployment rate of 2.5%.?

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 2.06 million people receiving federal ?extended? unemployment benefits.?

Taken together with the latest 3.28 million people that are currently counted as receiving traditional continued unemployment benefits, there are 5.34 million people on state and federal unemployment rolls.?

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/A4Osyv1wjws/Jobless-claims-decline-by-37-000

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