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Unemployment News Jobless Update - New UI Claims Drop for Second Week in a Row
Unemployment Benefit New claims declined for the second week in a row.
The number of new applications for Unemployment Insurance decreased by 6,000 to 472,000 new applications from the previous week's revised figure of 478,000, in the week ending 28 August 2010, the US Department of Labor reported Thursday.
Click here for a full range graph of unemployment claims.
The 4-week moving average was 485,500, a decrease of 2,500 from the previous week's revised average of 488,000.
Insured unemployment ending the week August 21 decreased from the adjusted preceding week of 4,479,000 by 23,000 to 4,456,000. The 4-week moving average was 4,485,250, a decrease of 28,500 from the preceding week's revised average of 4,513,750.
States reported 4,546,010 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Aug. 14, a decrease of 281,676 from the prior week.. EUC weekly claims include first, second, third, and fourth tier activity.
All told, approximately 9 million people drew unemployment in the week ending August 7, the latest data available. The total is rose even as the unemployed lose their unemployment benefits due to congressional inaction to extend UI beyond Tier four.
Does your state qualify for EUC?
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending August 7, unchanged from the prior week.
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| Aww, so sorry you have to get up on these cold, dark mornings to go to work. |
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