🚀 Goldman Sachs Reports Slight Increase in U.S. Unemployment Claims
#GoldmanSachs #UnemploymentClaims #USUnemployment #FederalGovernmentShutdown #LaborDepartment #EmploymentReport #EconomicAnalysis #JanHatzius #StateData
According to BlockBeats, Goldman Sachs has analyzed state-released data on unemployment claims during the federal government shutdown, revealing a slight increase in claims last week. The analysis, conducted by Goldman Sachs economists including Jan Hatzius, indicates that initial unemployment claims rose to approximately 224,000 for the week ending September 27, up from the previous report's 218,000.
The bank adjusted the existing state raw data using seasonal factors pre-released by the Department of Labor. Due to the government shutdown, the Department of Labor did not release its weekly report on Thursday but provided downloadable data from most states. Consequently, the September employment report, originally scheduled for release early Friday, has also been delayed.#GoldmanSachs #UnemploymentClaims #USUnemployment #FederalGovernmentShutdown #LaborDepartment #EmploymentReport #EconomicAnalysis #JanHatzius #StateData
🚀 U.S. Unemployment Claims Decline Amid Government Shutdown
#USUnemployment #UnemploymentClaims #GovernmentShutdown #LaborStatistics #BlockBeats #Bloomberg #OctoberData #BureauOfLaborStatistics #StateData #Arizona #Massachusetts #Nevada #Tennessee #ContinuingClaims #LaborDepartment
According to BlockBeats, the number of initial unemployment claims in the United States decreased last week during the government shutdown. Analysis by Bloomberg indicates that for the week ending October 11, approximately 215,000 claims were filed, down from the previous week's estimate of 234,000. Despite the shutdown, the U.S. Department of Labor has not released weekly unemployment reports since September 25 but has provided downloadable data for most states. The estimates were adjusted using the Bureau of Labor Statistics' pre-published weekly seasonal adjustment factors, aligning closely with official data when all state data is complete. However, recent weekly data for Arizona, Massachusetts, Nevada, and Tennessee were missing and replaced with the average of the previous four weeks. Calculations show that for the week ending October 4, continuing claims slightly increased to 1.93 million, up from the previous week's estimate of 1.92 million.#USUnemployment #UnemploymentClaims #GovernmentShutdown #LaborStatistics #BlockBeats #Bloomberg #OctoberData #BureauOfLaborStatistics #StateData #Arizona #Massachusetts #Nevada #Tennessee #ContinuingClaims #LaborDepartment