US jobless claims fall to lowest level since January 2008

US initial jobless claims have fallen from 343,000 to 326,000 n the week of 26 July. Analysts had forecast a rise to 346,000.

Continuing claims down from 2.997m to 3.2.951. Economists predicted an increase to 3.000m.

This follows good jobs data in the former of lower corporate jobs cuts and higher private sector employment. Looking good for Friday's nonfarm payrolls number.