Your Money Minute Continuing Claims Are Climbing 6/24/25
Jun 24, 2025
The discussion dives into the alarming rise in continuing claims for unemployment benefits. This trend highlights how many individuals are remaining jobless for extended periods. The implications for the job market are significant, raising concerns about the challenges job seekers face. Insights shed light on the ongoing struggles linked to long-term unemployment and the broader economic landscape.
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Continuing Claims Reveal Job Market Weakness
- Weekly continuing claims track people still receiving unemployment benefits after filing in a prior week.
- Rising continuing claims indicate a labor market slowdown and ongoing job finding struggles.
Continuing Claims Highest Since 2021
- The continued rise in continuing claims is the highest since late 2021.
- This signals the economy is slowing and job growth is weakening, reflecting labor market challenges.
Long-Term Unemployment Up 32%
- The share of people unemployed for 27 weeks or longer has increased 32% compared to 2019.
- Long-term unemployment shows it is much harder now to find a job.