Another half million file for unemployment benefits. Looks like 13 to 10 unemployment

[RB TexLa]

soon.


The number of people remaining on the jobless benefit rolls is expected to rise for the first time in four weeks to 6.23 million from about 6.2 million, which was the lowest level since mid-April. The figures on continuing claims lag behind those for initial claims by a week.

Still, weekly jobless claims remain far above the 300,000 to 350,000 that analysts say is consistent with a healthy economy. New claims last fell below 300,000 in early 2007.



http://finance.yahoo.com/news/Ahead-of-the-Bell-Jobless-apf-2517579774.html?x=0&.v=1

[SheilaT]

1. 13 to 10 unemployment?

13 to 10 WHAT? Percent? People? Millions? There's a missing word I need to make sense of the headline

[RB TexLa]

3. percent

[Zynx]

2. Are you aware that even in a boom time that this number is well over 300,000?

People misstate this number so often it is astounding.

[FreakinDJ]

4. Sorry to Rain on your parade

New jobless claims drop more than expected

By CHRISTOPHER S. RUGABER
The Associated Press
Thursday, August 6, 2009; 8:44 AM

WASHINGTON -- The number of newly-laid off workers seeking unemployment insurance fell last week, the government said Thursday, fresh evidence that layoffs are easing.

The Labor Department said that initial claims for jobless benefits dropped to a seasonally adjusted 550,000 for the week ending Aug. 1, down from an upwardly revised figure of 588,000 in the previous week.

That's much lower than analysts' estimates of 580,000, according to a survey by Thomson Reuters. The four-week average of claims, which smooths out fluctuations, dropped to 555,250, its lowest level since late January.

The tally of people continuing to claim benefits rose, however, by 69,000 to 6.3 million, the department said, after dropping for three straight weeks. The continuing claims data lags initial claims by a week.

<SNIP>
http://www.washingtonpost.com/wp-dyn/content/article/2009/08/06/AR2009080600945.html

[RB TexLa]

5. I'm sure the half million who filed for the benefits will feel better now

As well as the 6.3 million on continuing claims, a number which did rise.

[Ikonoklast]

6. They can thank Bush.