Decline in U.S. Jobless Claims Shows More Labor Market Strength
An assembly line worker loads cast iron cookware in South Pittsburg, Tennessee.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Fewer Americans than forecast filed for unemployment benefits last week, a sign labor market momentum continues to strengthen.
Jobless claims declined by 12,000 to 267,000 in the period ended June 13, the lowest since the week ended May 9, a Labor Department report showed Thursday. The median forecast in a Bloomberg survey of economists called for 277,000 new applications. The figure corresponds to the week the government surveys employers to calculate the monthly payroll data.