US initial jobless claims dropped -51k to 364k in the week ending June 26, better than expectation of 382k. That’s the lowest level since March 14, 2020. Four-week moving average of initial claims dropped -6k to 392.75k, lowest since March 14, 2020.
Continuing claims rose 56k to 3469k in the week ending June 19. Four-week moving average of continuing claims dropped -75k to 3482k, lowest since March 21, 2020.
