Initial Jobless Claims fell to 236K last week
US citizens filing new applications for unemployment insurance dropped to 236K for the week ending June 21, as reported by the US Department of Labor (DOL) on Thursday. This print came in below initial estimates and the previous week's revised tally of 246K (revised from 245K).
The report also highlighted a seasonally adjusted insured unemployment rate of 1.3%, while the four-week moving average dropped by 750 to 245K from the prior week’s revised average.
Moreover, Continuing Jobless Claims increased by 37K to reach 1.974M for the week ending June 14.
Source : FXStreet