The U.S. Labor Department released the Initial Jobless Claims for the week ending August 20, where the index climbed by 5 thousand to 417 thousand comapred to the prior revised estimate of 412 thousand and above expected estimate of 405 thousand.

While continuing claims for the week ending August 13, came in higher than expected at 3641 thousand compared to the prior revised estimate of 3721 thousand, yet better than median estimates of 3700 thousand.