Monday, April 13, 2009

New Unemployment Claims Down; Continuing Claims Set Record

According to AP:

New jobless claims fell more than expected last week but are stuck at elevated levels, while the number of people continuing to receive unemployment insurance approached six million, setting a record for the 10th straight week.

....The 5.84 million continuing claims lag the initial claims data by a week and didn't include 1.54 million Americans that received benefits under an extended unemployment compensation program approved by Congress last year. That adds 20 to 33 weeks of benefits on top of the typical 26 weeks.

You mean Washington is now not only gaming the unemployment figures (which don't include those who have given up looking) but also the unemployment claims figures?

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