WASHINGTON (MNI) - Initial claims for U.S. state unemployment benefits rose less than expected in the August 3 week, increasing by 5,000 to 333,000, the Labor Department reported Thursday.

The 4-week moving average fell to its lowest level in almost six years.

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.