HomeLive CommentsUS initial jobless claims dropped to 229k, slightly below expectations

US initial jobless claims dropped to 229k, slightly below expectations

US initial jobless claims dropped -3k to 229k in the week ending June 11, slightly better than expectation of 230k. Four-week moving average of initial claims rose 3k to 219k.

Continuing claims rose 3k to 1312k in the week ending June 4. Four-week moving average of continuing claims dropped slightly by -750 to 1317.5k, lowest since January 10, 1970, when it was 1311k.

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