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Jobless claims jump to 362,000

Jobless claims increased by 20,000 to 362,000 claims from 342,000 jobless claims for the prior week.

By SoldAtTheTop,?Guest blogger / February 21, 2013

Jobless claims rose to 362,000 claims from 342,000 claims for the prior week, according to the latest data.

SoldAtTheTop

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Today?s jobless claims report?showed a jump to both initial unemployment claims and continued jobless claims as initial claims trended 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 increased by a whopping 20,000 to 362,000 claims from 342,000 claims for the prior week while seasonally adjusted ?continued? claims increased by 11,000 claims to 3.148 million resulting in an ?insured? unemployment rate of 2.4%.?

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

Taken together with the latest 3.66 million people that are currently counted as receiving traditional continued unemployment benefits, there are 5.51 million people on state and federal unemployment rolls.?

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/ADPG6fBqhhs/Jobless-claims-jump-to-362-000

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