US initial jobless claims for the Aug 4 week 213K vs. 220K estimate

Continuing claims come in at 1755k vs. 1730K estimate

The US initial jobless claims came in better than expected at 213K vs 220K expected.

• Prior month raised slightly to 219K vs 218K previous
• 4-week average at 214.25K vs 214.75K last week
• Continuing claims came inat 1755K vs 1730 estimate. The prior week was revised up slightly to 1726K vs 1724K previous.
• The largest increases in initial claims for the week ending July 28 were in Iowa (+876), Maryland (+410), Oregon (+155), Indiana (+107), and Rhode Island (+86),
• The largest decreases were in Michigan (-5,997), California (-3,046), Missouri (-2,258), Georgia (-1,598), and South Carolina (-1,598).

Employment trends for claims remain steady/strong near record low levels.