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Jobless Claims in U.S. Unexpectedly Fell to 264,000 Last Week

Bloomberg business news

What Do Jobless Claims Mean to the U.S. Economy?

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First-time jobless claims unexpectedly fell last week and the number of Americans already receiving benefits tumbled to an almost 16-year low, consistent with a healthy labor market.

Applications to collect unemployment insurance dropped by 4,000 to 264,000 in the period ended June 4, Labor Department data showed on Thursday. The median forecast in a Bloomberg survey called for 270,000. Continuing claims decreased to 2.1 million in the previous week, the lowest since October 2000.