US initial jobless claims rose 37k to 412k in the week ending June 12, above expectation of 360k. Four-week moving average of initial claims dropped -8k to 395k lowest since March 14, 2020.
Continuing claims rose 1k to 3518k in the week ending June 5. Four-week moving average of continuing claims dropped -55k to 3608k, lowest since March 21, 2020.
