Data-Entry Error Mars U.S. Jobless-Claims Report for Second Week
Bloomberg
Published May 21, 2020 10:01AM ET
Updated May 21, 2020 10:27AM ET
Data-Entry Error Mars U.S. Jobless-Claims Report for Second Week
(Bloomberg) -- The closely watched report on U.S. unemployment filings was marred by a data-entry error for a second straight week, with the actual level of claims in a federal program 1 million lower than initially reported.
A Massachusetts official said in an email that the state had 115,952 initial claims last week under the federal Pandemic Unemployment Assistance program, not the 1,184,792 shown in the U.S. Labor Department’s report earlier Thursday. That means the 2.23 million reported figure for nationwide PUA claims was likely about half that number in reality.
Those figures are separate from the principal number tallying initial claims under regular state programs, which was reported as a seasonally adjusted 2.44 million last week.
©2020 Bloomberg L.P.
Get The News You Want
Written By: Bloomberg
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.