Initial Jobless Claims Seen Declining

Jobless claims out in just under 10 minutes. Initial claims filed through September 5 expected to fall to 850,000 from 881,000 in the previous week.

Our Data team notes: the Labor Department this week adjusted its seasonal adjustment methodology, using additive factors to account for a months-long bout of economic instability rather than the multiplicative factors which are typically used. Initial and continuing claims figures in the coming weeks won't be directly comparable to levels reported through August 22 and will appear much lower even absent actual labor market improvement.