The U.S. Labor Department released the Initial Jobless Claims for the week ending August 13 where the index picked up to 408 thousand compared to the prior revised estimate of 399 thousand and slightly above expected estimate of 400 thousand.

while continuing claims for the week ending August 6, came in higher than expected at 3702 thousand compared to the prior revised of 3695 thousand, and median estimates of 3700 thousand.