1.18M Americans Applied For Unemployment Benefits Last Week

There were 1,186,000 Initial Claims for unemployment benefits in the US during the week ending August 1st, the data published by the US Department of Labor (DOL) revealed on Thursday.

This reading followed the previous week’s print of 1,435,000 (revised from 1,434,000) and came in better than the market expectation of 1,415,000.