Goldman Sachs Analysis Shows U.S. Initial Jobless Claims Tick Up Slightly to 224,000

BlockBeats News, October 3rd, Goldman Sachs' analysis of state unemployment claims data showed that last week's U.S. initial jobless claims saw a slight increase. This analysis was based on data released by states during the federal government shutdown. In a report to clients, Jan Hatzius and other Goldman Sachs economists pointed out that for the week ending September 27th, initial jobless claims rose to around 224,000, higher than the government's previous report of 218,000.

The bank adjusted the existing state-level raw data using seasonal factors pre-released by the Labor Department. Due to the government shutdown, the Labor Department did not release its weekly report on Thursday but provided downloadable data for most states. The September employment report, originally scheduled to be released earlier on Friday, was also delayed accordingly. (ChainNews)