Economic Calendar
US Initial Jobless Claims Fall More than Expected

The number of people claiming unemployment benefits in the US eased by 12,000 to 215,000 on the third week of June, the lowest in four weeks, and below market expectations of 225,000. Meanwhile, continuing claims, which are seen as a gauge of outstanding unemployment in the US, rose by 21,000 from to 1,821,000 in the first week of June, the highest in three months. The claim counts were higher than those observed in the start of the second quarter, but remained robust on historical standards, maintaining the trend of low firing and low hiring. Meanwhile, initial claims filed by federal employees, which have been under scrutiny due the administration’s efforts in decreasing the number of public workers, fell by 61 to 431.
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