Jobs Numbers Continue to Stagnate While DeeCee Fiddles

11:22 am in Uncategorized by dakine01

Giant Fiddle

"Giant Fiddle" by tcp909 on flickr

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Well today’s (Thursday, July 21) report of Initial Unemployment Claims from last week is out and once again, the numbers show little improvement (via Reuters):

Separately, initial claims for state unemployment benefits increased 10,000 to 418,000, the Labor Department said, above economists’ expectations for a rise to 410,000. 

The Reuters article is a revision of their initial report which had noted that last week’s number had once again been revised upwards, from the originally reported 405K to 408K. At least they didn’t say the “economists are surprised” for once.

Buried way down at the bottom of the Reuters article are these little nuggets of information:

The number of people still receiving benefits under regular state programs after an initial week of aid dropped 50,000 to 3.70 million in the week ended July 9. 

The number of Americans on emergency unemployment benefits declined 80,133 to 3.15 million in the week ended July 2, the latest week for which data is available.

A total of 7.33 million people were claiming unemployment benefits during that period under all programs, down 159,000 from the prior week. Read the rest of this entry →