New York (CNN Business) First-time claims for unemployment benefits fell below a million again last week, the Labor Department reported Thursday. Another 881,000 Americans filed initial claims for benefits last week on a seasonally adjusted basis. Normally, the fact that so many people filed for unemployment last week would not be a reason to celebrate. But during the pandemic's unprecedented effect on the labor market they have added some noise to the data. The adjustment changes mean that we can't compare this week's seasonally adjusted data to that of last week.

Source: CNN September 03, 2020 12:40 UTC