Thursday, February 3, 2011

If It's Thursday...

Last week's jobless clams dropped after a bad weather spike, down 42k to 415k.

The bad news is tens of thousands of Americans have fallen off the 99-week cliff in the last month, and that's starting to accelerate as Congress still refuses to do anything about it.  Tens of thousands a month will become hundreds of thousands very, very soon.

2 comments:

  1. The bad news is tens of thousands of Americans have fallen off the 99-week cliff in the last month, and that's starting to accelerate...

    I hate to sound like a pedant, but I can't find that information anywhere in the Department of Labor press release. I'm not saying you're wrong, mind. I'm just wondering where you're seeing it.

    ReplyDelete
  2. Granted, I'm making a couple assumptions about the 130k drop in EUC 2008 numbers in the Labor Department press release, but I think it's safe to say that not all 130k of them found a job and got off extended benefits.

    However, that is an assumption.

    ReplyDelete