Americans lined up for unemployment benefits at an accelerated pace in the week ended 26 July, according to the Labor Department.
Source: Sharecast
Initial jobless claims increased by 1,000 to 218,000 from the prior week's unrevised level, while continuing claims were unchanged from the previous week's downwardly revised 1.94m print.
Meanwhile, the four-week moving average, which aims to strip out week-to-week volatility, decreased by 3,500 to 221,000.
Also worth noting, the Labor Department said the advance seasonally adjusted insured unemployment rate was 1.3% for the week ended 19 July, unchanged from the previous week's unrevised rate.
Reporting by Iain Gilbert at Sharecast.com
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