It's the first snapshot of the U.S. labour market since last week’s disappointing jobs data for July
There have been job cuts across a range of sectors in the U.S. this year
Elevated prices for food, groceries are main driver of consumers’ view of U.S. economy
Continuing claims have been on the rise in recent months
While the U.S. labour market remains historically healthy, recent data suggest some weakening
Total number of Americans collecting unemployment benefits declined for the first time in 10 weeks
Continuing claims rise for ninth straight week
The four-week average of claims, which softens some of the week-to-week volatility, rose to 227,000
Jobless claims for the week ending May 25 rose by 3,000 to 219,000, up from 216,000 the week before
U.S. employers added 303,000 jobs last month, an example of the U.S. economy’s resilience