Unemployment & Benefits: An Ugly Picture Of Reality

The month of June came to an end yesterday, but the nightmare for millions of unemployed Americans continues. The reports out on jobless claims extending its streak of 12 straight weeks above 400,000 paints only the edges of the larger picture. The unemployment portrait finds more than 7.5 million people claiming unemployment benefits. This figure does not include those who have long since seen their benefits dry up.

“The number of people on emergency unemployment benefits climbed 1,471 to 3.30 million in the week ended June 11, the latest week for which data is available. A total of 7.51 million people were claiming unemployment benefits during that period under all programs, down 30,701 from the prior week.”  (“Jobs Picture Remains Ugly As Claims Still High,” Reuters, 6/30/11)

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