Initial jobless claims drop to 837,000
By Niv Elis - 10/01/20 08:41 AM EDT
The number of people filing initial unemployment claims for the last full week of September dropped to a seasonally adjusted 837,000, a drop of 36,000 from the previous week.
The weekly number remains elevated beyond the worst level on record before the COVID-19 pandemic, where it has been for over six months.
But the drop also puts claims at the lowest level they've been since the pandemic first struck the economy in March.
The unadjusted data also saw a significant drop of 40,263, reaching 786,942 in the week ending September 26.
This developing report will be updated.https://thehill.com/policy/finance/519087-initial-jobless-claims-drop-to-837000