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Jobless Claims in U.S. Declined More Than Forecast Last Week

Job seekers speak with prospective employers during a career fair event in Los Angeles, on June 22, 2016.

Job seekers speak with prospective employers during a career fair event in Los Angeles, on June 22, 2016.

Photographer: Patrick T. Fallon/Bloomberg
Updated on

Fewer Americans than forecast filed for unemployment benefits last week, adding to evidence that the labor market is healthy and stable.

Jobless claims dropped by 18,000 to 259,000 in the period ended June 18, a Labor Department report showed Thursday. It was the biggest decrease since the first week of February. The median forecast in a Bloomberg survey called for a decline to 270,000.