Thumbs Down: DOL Reports Unemployment Claims Up Last Week
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In the week ending June 18, the advance figure for seasonally adjusted initial claims was 429,000, an increase of 9,000 from the previous week's revised figure of 420,000. The 4-week moving average was 426,250, unchanged from the previous week's revised average of 426,250.
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Last year my business started to come back and I worked it instedad of looking for a job. Being self-employeed I could not collect unemployment. I did work for a national home store chain for about two and a half years part time while working my own job. I quit that job do to a number reasons and my business supported me the rest of the year. I thought I had enough in the pipe line to carry me though '11. But it all dried up and I took my Social Security in April. I wonder if I should have take my unemployment as the work at the home store chain entilted me to it instead. Now I am limited to how much I can make for the next two years until I am 66. Until then I have to pay back $1 for every two I make over the $14,500.00 limit on earnings. Not a real incentive to go and look for a real job. So while I am unemployed the government does not count me that way as I am getting Social Security. So I supect the figures they give out are wrong.