Continuing Claims “Exhaustion Rate”

Last week, we saw Continuing Claims decrease — proof, said the green shooters, of the imminent economic recovery.Only, not so much:Those of you (who can still afford the luxury of) a trusty Bloomberg will note the ‘exhaustion rate’ for jobless benefits – EXHTRATE – reveals that people are not leaving the pool of continuing unemployment claims because they are getting new jobs; Rather, they are leaving because they have exhausted their benefits.

They are now unemployed AND broke. That is hardly a green shoot . . .

Exhaustion Rate: U.S. Workers Losing Unemployment Aid

exht-rate.png Hat tip Bill King

Originally published at The Big Picture and reproduced here with the author’s permission.

One Response to "Continuing Claims “Exhaustion Rate”"

  1. George Harter   June 23, 2009 at 2:49 am

    Mr. R-Enough with all this disconcerting information, I want to sell our co-op for as much as we can get. If the s**ucks wake up too quickly, we’re screwed.GeorgeBaghdadontheHudson