US jobless claims drop sharply as government changes counting method

  • Claims down to 881,000 from 1m the previous week
  • Officials change data model to better reflect impact of Covid

The number of people filing claims for unemployment benefits dropped sharply last week as the US labor department switched to a new method of counting weekly jobless claims figures.

For the week ending 29 August, 881,000 claims for benefits were filed, down from just over 1m the previous week. It was only the second time since the pandemic hit the US economy that claims had dipped below 1m.

Continue reading…


Please enter your comment!
Please enter your name here