Update: The Rickster: Market Mover Thursday: Weekly Jobless Claims…continuing claims rise to 6.662 million…
Heeeere’s Rickster, telling it like it is:Vodpod videos no longer available.
Data is in, weekly slightly lower but the continuing claims are still climbing:
Rick Santelli had a great segment this morning on this BS rally built on absolutely nothing, will get it up asap…
The number of U.S. workers filing new claims for jobless aid fell 12,000 last week, Labor Department data showed on Thursday, while so-called continued claims rose to a fresh record as the recession battered employment.
Initial claims for state unemployment insurance benefits declined to a seasonally adjusted 631,000 in the week ended May 16 from a revised 643,000 the prior week, the Labor Department said…
..The number of people staying on the benefits roll after drawing an initial week of aid increased by 75,000 to a more-then-forecast 6.662 million in the week ended May 9, the most recent week for which data is available. Analysts estimated so-called continued claims would be 6.65 million..
Unemployment Update: State Extended Benefit Trigger Notice Effective 4/19…
Latest Trigger Notice for Extended Benefits by state eff 4/19/09. Please note, this is different from the Trigger Notice with Emergency Benefits Trigger by State. That is a different file and we will post that separately….
DOL: Extended Benefits are available to workers who have exhausted regular unemployment insurance benefits during periods of high unemployment. The basic Extended Benefits program provides up to 13 additional weeks of benefits when a State is experiencing high unemployment. Some States have also enacted a voluntary program to pay up to 7 additional weeks (20 weeks maximum) of Extended Benefits during periods of extremely high unemployment.
Via DOL: click on link below to view full chart, it is too wide for posting….
http://ows.doleta.gov/unemploy/trigger/2009/trig_041909.html
TRIGGER NOTICE NO. 2009 – 14
STATE EXTENDED BENEFIT (E.B.) INDICATORS UNDER P.L. 102-318
Effective April 19, 2009
Moderate in the Middle 