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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Sully- who wrote (78461)	3/18/2010 9:03:52 PM
From: Sully-	Read Replies (1) of 90947

The number of newly laid-off workers requesting jobless benefits for last week was 457,000. That's still below levels that would signal net job gains. The four-week average stands at 471,250, far below the number necessary for overall net job gains in the economy. Still, the average has risen by 30,000 since the start of this year. That's raised concerns among economists that persistent unemployment could weaken the recovery. The number of people continuing to claim unemployment benefits, meanwhile, rose to 4.58 million. But that doesn't include millions of people who are receiving extended benefits for up to 73 extra weeks, on top of the 26 weeks customarily provided by the states. More than 6 million people were on the extended benefit rolls for the week that ended Feb. 27, the latest data available. That is about 300,000 more than in the previous week. Somehow the "official" unemployment rate remained steady at 9.7% in February despite the continuing net loss in jobs available. Source - Associated Pravda

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