The US Department of Labor released weekly data regarding unemployment insurance claims, showing that initial jobless claims rose to 199,000 for the week ended August 1. This figure represents an increase of 1,000 compared to the previous week, source_ref:1, source_ref:2.
US initial unemployment insurance claims for the week ended August 1
The reported figure was lower than the market expectation of 203,000. Additionally, the data for the previous week was revised from 197,000 to 198,000, source_ref:3, source_ref:5.
Initial US unemployment insurance claims have remained below 200,000 for a third consecutive week, source_ref:4. The four-week moving average of these claims fell to 198,750, a decrease of 4,500, marking its lowest level since September 2022, source_ref:6, source_ref:7.
Continuing US unemployment insurance claims rose by 24,000 to 1,801,000 for the week ended July 25, source_ref:8.
