WASHINGTON — In what was described as “uneventful week,” initial claims for U.S. state unemployment benefits fell by 38,000 to 550,000 in the Aug. 1 week, according to data released by the U.S. Labor Department yesterday.

A Market News International survey had expected the claims level to fall to 575,000 in the week from the originally reported 584,000 in the July 25 week. The expectations ranged from 550,000 to 600,000.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.