U.S. jobless claims rose to 226,000 for the week ending August 2, slightly above the forecasted 221,000. Continuing claims for the week ending July 26 totaled 1.974 million, also above the 1.950 million estimate. The data may reflect a modest softening in the labor market.
- Initial jobless claims: 226,000 (est. 221,000) for week ending August 2
- Continuing claims: 1.974 million (est. 1.950 million) for week ending July 26
- Both metrics came in above analyst expectations
Relevant Companies
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
