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The U.S. Labor Department released its jobless claims figures on Thursday. The number of initial jobless claims in the week ending August 15 in the U.S. rose by 4,000 to 277,000 from 273,000 in the previous week. The previous week's reading was revised down from 274,000.
Analysts had expected the number of initial jobless claims to be 272,000.
Jobless claims remained below 300,000 the 16th straight week. This threshold is associated with the strengthening of the labour market.
Continuing jobless claims declined by 24,000 to 2,254,000 in the week ended August 08.
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