- The Big Picture - http://www.ritholtz.com/blog -

Continuing Claims “Exhaustion Rate”

Posted By Barry Ritholtz On June 22, 2009 @ 10:00 am In Film,Finance,Friday Night Jazz,Investing,Markets | Comments Disabled

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 [1]
>

Hat tip Bill King


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2009/06/continuing-claims-exhaustion-rate/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/06/exht-rate.png

Copyright © 2008 The Big Picture. All rights reserved.