Headline Roundup • September 3rd, 2020
U.S. Jobless Claims Fall to 881,000
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Wall Street Journal (News)
New measurement method could be a factor in weekly figures, along with slowly improving labor market.
New applications for unemployment benefits fell last week, a possible sign of a slowly improving labor market and the impact of a new measurement method.
Weekly initial claims for jobless benefits fell by 130,000 to a seasonally adjusted 881,000 in the week ended Aug. 29, the Labor Department said Thursday. The number of people collecting unemployment benefits through regular state programs, which cover most workers, decreased by 1.24 million to about 13.3 million for...
The number of new applications for unemployment benefits dipped to 881,000 last week, the Labor Department reported Thursday in an encouraging sign for the economy.
Forecasters had projected 950,000 new jobless claims.
Instead, claims fell to the lowest level since mid-March, before the pandemic induced mass layoffs.
The drop hints at a slowdown in layoffs, which would be good news for the reeling labor market. But it also could be an artifact of changes the Labor Department made to its calculation of jobless claims. The agency employed a new methodology...
Politico
The numbers are not directly comparable to previous weeks because of a change the Labor Department made in how it calculates the claims.
More than 880,000 people filed new applications for unemployment benefits last week, the Labor Department reported on Thursday.
The numbers are not directly comparable to previous weeks because of a change the Labor Department made in how it calculates the claims, which are seasonally adjusted. The number appears lower than the previous week’s 1 million claims, but that reflects a change in the Labor Department’s methodology rather...
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