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U.S. Jobless Claims Give Mixed Picture With Shift in Adjustments

  • Seasonally adjusted initial claims show drop from prior week
  • Unadjusted applications increased last week, remain elevated
Bloomberg business news
Jobless Claims Fall, Reflecting Change to Seasonal Adjustments
Updated on

U.S. unemployment-claims figures gave a mixed picture of the labor market amid government changes to seasonal adjustments to account for distortions from the pandemic.

Initial jobless claims in state programs totaled 881,000 in the week ended Aug. 29, according to Labor Department data Thursday. That follows 1.01 million in the prior week, a figure that’s not directly comparable because of the change to methodology.