US initial jobless claims rose 27k to 229k in the week ending June 4, above expectation of 208k. Four-week moving average of initial claims rose 8k to 215k.
Continuing claims was unchanged at 1306k in the week ending May 28. Four-week moving average of continuing claims dropped -9k to 1318k, lowest since January 10, 1970 when it was 1310k.
