Nothing To Do, Nowhere To Go 0

Under 400k. It’s not clear how from the story how many persons are still out of work but no longer eligible for unemployment compensation, but it’s likely a lot.

Jobless claims fell by 10,000 to 390,000 in the week ended Nov. 5, Labor Department figures showed today in Washington. The median forecast of economists in a Bloomberg News survey called for 400,000 new claims. The number of people on unemployment benefit rolls decreased, while those getting extended payments rose.

(snip)

Today’s data showed the four-week moving average, a less volatile measure than the weekly figures, fell to 400,000 last week, the lowest since April, from 405,250 the previous week.

The number of people continuing to receive jobless benefits fell by 92,000 in the week ended Oct. 29 to 3.62 million. They were forecast at 3.68 million.

The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.