Will Generation Y Ever See Claims at 200,000 in Their Lifetime?

The Department of Labor released their advanced estimates of initial and continuing unemployment insurance claims yesterday. Initial claims came in at a seasonally adjusted rate of 361,000, an increase of 6,000 from the 367,000 of the prior week. Initial claims peaked at 367,000 in the last week of March 2009, and have since been in a downward trend, with the decline from peak to down being about 46%. In lockstep with initial claims, continuing unemployment insurance claims peaked at the end of May 2009 at 6.628 million. Since then, continuing claims have declined by 3.3 million, or about 50%. With…