U.S. revised weekly initial claims for unemployment benefits (thousands) (as of 0808): 209

U.S. initial jobless claims hit 209k, beating forecasts and prior data, signaling weakening labor market resilience.

Last week, the U.S. revised quarterly initial claims figure came in at 209 thousand, higher than the expected 202 thousand and the previous reading of 199 thousand. The data exceeding expectations indicates weakening resilience in the labor market, which could lead to a revision in market expectations regarding tighter monetary policy.