In the week ending June 15, the advance figure for seasonally adjusted initial claims was 238,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 242,000 to 243,000. The 4-week moving average was 232,750, an increase of 5,500 from the previous week's revised average. The previous week's average was revised up by 250 from 227,000 to 227,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 8, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured ... (full story)

Initial jobless claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. In the week ending June 15th, initial jobless claims were at a seasonally adjusted level of 238,000, a decrease of 5,000 from the previous week's figure. The latest reading is higher than the forecast of 235,000 jobless claims. Here is the opening statement from the Department of Labor: In the week ending June 15, the advance figure for seasonally adjusted initial claims was 238,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up ... (full story)