US Initial Jobless Claims Rise Less than Expected
2026-08-06 12:34
By
Andre Joaquim
1 min. read
The number of people claiming unemployment benefits in the US inched higher by 1,000 to 199,000 on the final week of July, slightly under market expectations of 202,000 to remain near the 57-year low of 188,000 two weeks prior.
Continuing claims, which are seen as a gauge of outstanding unemployment in the US, rose by 24,000 to 1,801,000 in the earlier week, remaining well under averages from this year.
The data continued to reflect a strong labor market in the US, aligned with statements from FOMC members that see the US economy in full employment.
Meanwhile, initial claims filed by federal employees, which have been under scrutiny due the administration's efforts in decreasing the number of public workers, rose by 32 to 450.