According to data from the U.S. Department of Labor, initial jobless claims for the week ending August 1 were 199,000, an increase of 1,000 from the previous week, and lower than the market expectation of 204,000. Meanwhile, continued jobless claims for the week ending July 25 increased by 24,000 to 1.801 million. Additionally, initial jobless claims for the week ending July 25 were revised to 198,000.