US Initial Jobless Claims Rise to 235,000 in Goldman Analysis

Applications for US unemployment benefits rose last week, according to a Goldman Sachs Group Inc. analysis of state-level filings released during the federal government shutdown.

Initial claims rose to about 235,000 in the week ended Oct. 4 from the bank’s estimate of roughly 224,000 the prior week, Goldman Sachs economists led by Jan Hatzius said in a note to clients. The bank used the Labor Department’s pre-released seasonal factors to adjust the available raw state-level figures.

The Labor Department did not publish its weekly report Thursday due to the government shutdown, but it did release downloadable data for most states. ...