US initial jobless claims rise by 9,000 to 209,000, suggesting labor market stability
Macro
The US Labor Department announced on the 13th that initial jobless claims for the week ending August 8 came in at a seasonally adjusted 209,000, a modest increase of 9,000 from the previous week. Economists polled by Reuters had expected 202,000. Continuing claims for the week ending August 1 fell by 22,000 to 1,777,000. July's employment report showed nonfarm payrolls unexpectedly declined by 23,000 from the previous month, but the latest jobless claims figures suggest the labor market remains stable.
