If It's Thursday...

Jobless claims and continuing claims actually went back up from last week to 627,000 and 6.74 million, respectively. Not good. The new normal is still pretty bad. Here's the killer part of the article:

Millions of Americans also are receiving jobless benefits through a federal extension enacted by Congress last year. For the week ending June 6, more than 2.4 million people received benefits under the extension, which adds 20 to 33 weeks on top of the 26 weeks typically provided by states.

About 288,000 people also are receiving benefits under state emergency programs, bringing the total jobless benefit rolls to nearly 8.8 million that week. The extended benefits data lags initial claims by two weeks.

So yeah, more and more people are falling into those unemployment benefit extensions and state emergency fund black holes.

It's only going to get worse, too.