Continuing strength is evident from today’s jobless claims data. Jobless claims data where initial claims for the August 4 week were below the Econoday consensus range at 213,000. The 4-week average was down 500 to 214,250. Continuing claims in lagging data for the July 28 week were up 29,000 to 1.755 million with this 4-week average down 4,000 to 1.742 million. The unemployment rate, like all the readings in this report, was very low, at only 1.2 percent.