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Goldman Sachs Reports Rise in U.S. Jobless Claims Amid Government Shutdown

Goldman Sachs estimates U.S. initial jobless claims reached approximately 224,000 for the week ending September 27, reflecting the impact of the ongoing government shutdown and its delay of official reports.

Summary

Goldman Sachs' analysis of state-level data shows that initial jobless claims in the U.S. rose to an estimated 224,000 for the week ending September 27, up from 218,000 the prior week. This increase comes amid the government shutdown, which delayed the release of official labor reports.

Terms & Concepts
  • Initial Jobless Claims: A weekly measure of the number of individuals filing for unemployment benefits for the first time, used as an indicator of labor market health.
  • Seasonal Adjustment: A statistical technique used to remove seasonal influences from data, making trends and cycles easier to identify.
  • Government Shutdown: A temporary closure of non-essential federal operations due to lack of funding authorization, often delaying economic reporting.