Weekly Jobless Claims Come In Lower Than Expected At 881,000

The transcript discusses the Labor Department's new method for seasonally adjusting weekly job figures, which may have led to lower reported numbers. Despite this, the report was better than expected. Florida showed the largest decrease in claims, followed by other states. Economists expect 1,000,000 jobs to be added, but ADP projects a smaller increase of 428,000 jobs.

What change did the Labor Department implement that affects the comparability of job figures?

How did the old process of adjusting job figures account for disruptions in the job market?

Which state showed the largest decrease in claims according to the report?

What was the expected number of jobs to be added according to economists on Wall Street?

What was the less optimistic projection made by payroll provider ADP regarding job increases?