US initial jobless claims dropped to 228k

    US initial jobless claims dropped -4k to 228k in the week ending August 26, slightly above expectation of 227k. Four-week moving average of initial claims rose 250 to 237.5k.

    Continuing claims rose 28k to 1725k in the week ending August 19. Four-week moving average of continuing claims rose 8k to 1704k.

    Full US jobless claims release here.