Americans lined up for unemployment benefits at an accelerated pace in the week ended 2 August, according to the Labor Department.
07 August 2025 13:45:44
Source: Sharecast
Initial jobless claims increased by 7,000 to 226,000 from the prior week's upwardly revised level, above market expectations of a softer increase to 221,000, while continuing claims soared by 38,000 to 1.974m, ahead of the 1.95m print expected by economists.
Meanwhile, the four-week moving average, which aims to strip out week-to-week volatility, decreased by 500 to 220,750.
Also worth noting, the Labor Department said the advance seasonally adjusted insured unemployment rate was 1.3% for the week ended 26 July, unchanged from the previous week's unrevised rate.
Reporting by Iain Gilbert at Sharecast.com
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