There has very slight slight improvement in initial claims for six weeks.
For the weeks ending August 29, September 5, September 12, September 17, September 26, and October 3 there were 884,000, 893,000, 866,000, 873,000, 849,000, and 840,000 seasonally-adjusted claims respectively according to the Department of Labor.
Given margins of error on seasonally adjusted data there has been essentially no progress for six weeks.
Continued claims lag initial claims by a week.
For the weeks ending August 29, September 5, September 17, and September 26, there were 13,554,000, 12,747,000, 12,747,000, 11,979,000, and 10,976,000 seasonally-adjusted claims respectively.
These numbers are continually revised.
The downward slope (pace of progress) has not changed since May.
It’s continued state claims that determine the official unemployment rate, not that anyone of intelligence believes the BLS number.
All Continued Claims
All Continued Claims are not seasonally adjusted. They also lag initial claims