The initial Jobless Claims reported 500,000 people filed to receive unemployment benefits for the first time. This was the highest since November 2009 and the initial estimates were at 475,000. Continuing claims is at 4.5 million people receiving benefits. This number only takes into account unemployment benefits for the first 26 weeks.
In addition the Emergency Unemployment Compensation or EUC reports that an additional 4.75 million people are receiving this for a total of 9.25 million people receiving unemployment benefits. Until more jobs are created and people go back to work I don't see the economy recovering much.
Ron Meyer is a Wisconsin licensed Sr. Loan Originator NMLS #222688 with GSF Mortgage Corporation NMLS #1018 located at 300 Patriot Dr. Little Chute, WI 54140 We specialize in financing purchases and refinancing home loan mortgages for all of Wisconsin. As a local lender we pride ourselves on offering quality service before and after your closing. Our underwriting is all done in house, allowing us to have quicker than normal processing time of your loan.
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