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Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week

Posted By admin On December 10, 2009 @ 10:30 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Thursday, December 10, 2009

The number you won’t hear mentioned anywhere in the Mainstream Media: 327,729. That is how many people shifted to Emergency Unemployment Compensation programs in the last week alone, hitting an all time record high of 4.2 million! [2] So as everyone is focused [3]on the benign picture of initial claims in the last week which was “only” 474,000, the number of people rolling off continuing benefits has exploded and is now a stunning 592,579 only in the last two week. Look for this number to keep going into the stratosphere as the 6 month continuing claims cliff keeps getting hit by more and more people who are unemployed and keep looking not only for believable change, but actual jobs to go with it.

Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week EUC%2012.10 0 [4]

And here is the chart that the administration would love to keep under lock and seal: the cumulative number of people on Emergency Insurance. At this rate those collecting EUC will surpass those on continuing claims (5.5 million) within a month.

Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week EUC%20graph%2012.10 [5]

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URL to article: http://www.prisonplanet.com/emergency-jobless-insurance-claims-surge-by-most-ever-in-prior-week.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/emergency-jobless-claims-surge-most-ever-prior-week

[2] all time record high of 4.2 million!: http://www.dol.gov/opa/media/press/eta/ui/current.htm

[3] focused : http://www.bloomberg.com/apps/news?pid=20601087&sid=a5FqUQt3Ls7Y&pos=2

[4] Image: http://www.prisonplanet.com/sites/default/files/images/user5/imageroot/volcker/EUC%2012.10.jpg

[5] Image: http://www.prisonplanet.com/sites/default/files/images/user5/imageroot/volcker/EUC%20graph%2012.10.jpg

[6] As 1.3 Million Americans Are About To Lose Their Jobless Benefits This Week, The Unemployment Rate Will Surge To 10.5%: http://www.prisonplanet.com/as-1-3-million-americans-are-about-to-lose-their-jobless-benefits-this-week-the-unemployment-rate-will-surge-to-10-5.html

[7] New US jobless claims hit 669,000 in week: http://www.prisonplanet.com/new-us-jobless-claims-hit-669000-in-week.html

[8] US jobless claims in surprise jump for second week: http://www.prisonplanet.com/us-jobless-claims-in-surprise-jump-for-second-week.html

[9] Jobless Claims in U.S. Unexpectedly Rose Last Week: http://www.prisonplanet.com/jobless-claims-in-u-s-unexpectedly-rose-last-week.html

[10] Jobless Claims in U.S. Rose 8,000 Last Week to 362,000: http://www.prisonplanet.com/jobless-claims-in-u-s-rose-8000-last-week-to-362000.html

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