Analysis
The weekly filing count and its moving average remain low, indicating limited new claims for benefits. But claims measure layoffs and benefit filings, not hiring or net payroll growth. They offer a useful but incomplete read before the September employment report scheduled for October 2 at 8:30 a.m. ET.
What remains uncertain
The Department of Labor cautions that weekly claims are volatile and difficult to seasonally adjust. A single weekly move should not be treated as a change in payroll employment or as a full measure of labor-market demand.
Sources
- Department of Labor weekly claims release ↗Official source · PDF
- BLS September employment report schedule ↗Official release