US initial claims dropped to 963k, below 1m for the first time since pandemic

<p>US initial jobless claims dropped -228k to 963k in the week ending August 8, well below expectation of 1200k. Four-week moving average of initial claims dropped -86.3k to 1253k. Continuing claims dropped -604k to 15486k in the week ending August 1. Four-week moving average of continuing claims dropped -455k to 16170k. Full release here.</p>
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