#AceFinanceDesk – Initial claims for state unemployment benefits totalled a seasonally adjusted 881,000 for the week ended Aug. 29, compared to 1.011 million in the prior week, the US Labor Department said on Thursday. Economists polled by Reuters had forecast 950,000 applications in the latest week

“With last week’s claims report, the Labor Department changed the methodology it used to address seasonal fluctuations in the data, which economists complained had become less reliable because of the economic shock caused by the coronavirus crisis.”

Published: Sept.03: 2020: https://t.co/gadMI7D5or

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