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- U.S. weekly jobless claims fall more than forecast
U.S. weekly jobless claims fall more than forecast
The data from
the Labor Department revealed on Thursday the number of applications for
unemployment benefits went up last week, pointing to underlying market strength
despite a steep slowdown in job growth in May.
According to
the report, the initial claims for unemployment benefits fell 6,000 to a
seasonally adjusted 216,000 for the week ended June 15.
Economists had
expected 220,000 new claims last week.
Claims for the
prior week were remained unchanged at 222,000.
Meanwhile, the
four-week moving average of claims increased 1,000 to 218,750 last week.
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