Initial claims for state unemployment benefits fell back 10,000 to 450,000 in the Aug. 9 week, the Labor Department reported Thursday, citing “nothing unusual.”

While the emergency unemployment compensation program recently voted by Congress continues to impact initial claims, a Labor Department analyst said it is not possible to determine whether the impact has reached a plateau or whether the Aug. 2 week was an inflection point.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.