Weekly unemployment claims fell to their lowest level since March, dipping to 881,000 last week, the Department of Labor said Thursday.
The Department of Labor announced last week that it was changing the methodology used to seasonally adjust national initial unemployment claims. Seasonal adjustment is a statistical technique the Bureau of Labor Statistics uses in an attempt to remove the influence of predictable seasonal patterns -- such as major holidays and back-to-school schedules -- on the data. The changes come as the pandemic has upended nearly all predictable seasonal patterns.
"We’ll take good news when we can get it. Jobless claims came in better-than-expected and on the decline," Mark Hamrick, the senior economic analyst for Bankrate, said in a statement Thursday. He noted, however, that new claims have fallen steadily since the high of 6.8 million in late March. Still, the streak of pandemic unemployment claims remains at levels that squash all historical comparisons.
See how employment in the United States breaks down by state, metropolitan area, and industry with our interactive dashboard:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: marieclaire - 🏆 102. / 63 Read more »
Source: HuffPostWomen - 🏆 27. / 68 Read more »
Source: foodandwine - 🏆 366. / 59 Read more »
Source: BuzzFeed - 🏆 730. / 51 Read more »
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »