Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week

(ZeroHedge) – 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! So as everyone is focused 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.

Tyler Durden
Zero Hedge
Thursday, December 10, 2009

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

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

One thought on “Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week

  1. something out pointed out would happen at least a year ago.
    has the congress passed all the extension laws for each state that is hugely affected by high unemployment rates?
    havent heard much from the controlled obama media on that one.

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