U.S. ECONOMICS: Weekly Jobless Claims Preview - Consensus - 295,000
Initial jobless claims for the week ended August 9 are expected to see an increase of 6,000 to 295,000 (consensus range 286,000 to 300,000) as we expect the recent decline to continue. The 14,000 initial claims drop to 289,000 in the first week of August defied the expected unwind of the July retooling distortions that was presumably evident with the prior 23,000 pop to 303,000 (revised from 302,000) from the 279,000 mid-July cycle-low, as claims appear to be oscillating around tighter levels following the July vehicle sector retooling.
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