US initial jobless claims rose 4k to 353k in the week ending August 21, slightly below expectation of 355k. Four-week moving average of initial claims dropped -11.5k to 366.5k, lowest since March 14.
Continuing claims dropped -3k to 2862k in the week ending August 14, lowest since March 14, 2020. Four-week moving average of continuing claims dropped -108.5k to 2901.5k, lowest since March 21, 2020.
