The current four-week moving average rose by 750 to 331,250, BLS reported.
The prior week's first-time claims were revised higher to 337,000.
The largest increases in initial claims for the week ending Aug. 17 were in California with a gain of 5,867, Missouri, which added 1,757, and New Jersey with an additional 677 claims.
The largest decreases were in North Carolina, Pennsylvania and Maryland with declines of 1,017, 899 and 722, respectively.
Larry Ellison to step down as CEO of Oracle