US continuing jobless claims for the week ending Aug 8 came in at 1,799K, above the forecast of 1,790K, with the prior revised up from 1,777K to 1,781K. Separately, the Philadelphia Fed Manufacturing Prices Received Index for August 2026 fell to 17.7 from a prior reading of 27.4.
Continuing claims printing above the 1,790K forecast, alongside an upward revision to the prior week, suggests the labor market may be softening slightly at the margin. The Philly Fed Prices Received drop from 27.4 to 17.7 reflects weaker reported selling-price pressure among manufacturers in the Philadelphia region, which is a direct input to inflation assessments. These two readings together provide mixed signals relevant to USD: softer labor and easing price pressure may shift expectations around the Fed's next policy path, though neither reading alone establishes a definitive trend.