The U.S. Labor Department released the jobless claims for the week ending July 16, where jobless claims rose to 418,000, compared with the prior revised estimate of 408,000 and above median estimates of 410,000, while continuing claims for the week ending July 9, eased 3.698 million, compared with the prior revised estimate of 3.748 million, and below median esitmates of 3.705 million.