Thursday, July 29, 2010

Initial Jobless Claims and Continuing Claims

Well the data is in and was reported for Initial Jobless Claims of 457,000 for the week ending July 27th, down 11,000. That is not as good as the 450,000 which was expected. The data reported the prior week was 464,000. Continuing Claims rose to 4.565 Million from a previous week's data of 4.464 Million. They said the increase could be because of the approved extra unemployment insurance benefits, which were approved by Congress after a 2 month prolonged filibuster by Republicans. The final vote to approve came after the Senator for West Virginia was appointed to replace Sen. Robert Byrd's after his death.

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