US initial jobless claims rose +8k to 237k (vs 230k expected) in the week ending August 30, slightly above the prior year level of 228k, while the 4-week moving average climbed +2.5k to 231k.

• On an NSA basis, initial claims increased +5.8k to 196.9k, remaining modestly above the 190.6k level from a year earlier.

• Continued claims (SA) fell -4k to 1.940 million in the week ending August 23, while the NSA measure dropped -41.3k to 1.893 million.

• The insured unemployment rate held steady at 1.3% (SA), with the NSA rate edging down -0.1 ppt to 1.2%.

• The 4-week moving average of continuing claims decreased -7k to 1.947 million, though it remains slightly above last year’s 1.859 million.

• Federal employee claims (UCFE, NSA) declined -73 to 515, but were still higher than the 306 recorded one year earlier.