US initial jobless claims w.e. 26 August 228K vs 235K expected

<ul><li>Prior 230K; revised to 232K</li><li>4-week moving average initial jobless claims 237.50K</li><li>Prior 236.75K; revised to 237.25K</li><li>Continuing claims 1.725M vs 1.703M expected</li><li>Prior 1.702M; revised to 1.697M</li></ul><p>It's a marginal decline in the weekly jobless claims but in any case, it is consistent with the underlying trend. This at least details that labour market conditions are still holding up decently despite the fact that there are signs of easing in other measures.</p>

This article was written by Justin Low at www.forexlive.com.