The number of initial claims for unemployment benefits in the US stood at 203,000 in the week ending August 22. According to data released by the US Department of Labor, this marked a decline of 4,000 from the previous week.
The market had expected weekly claims to total 208,000. The figure for the previous week was also revised from 206,000 to 207,000.
The four-week average of claims rose by 1,250 to 205,500. Continuing claims for unemployment benefits fell by 18,000 from the previous week to 1.778 million in the week ending August 15.