Jobless Claims Worse Than Forecast in Glacial Move in Layoffs
- Weekly drop smallest since claims began falling in early April
- Continuing claims also eased slightly, remain stubbornly high
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Applications for unemployment benefits in the U.S. fell less than forecast last week, showing only gradual improvement from the worst of the pandemic-related layoffs even as states reopen more of their economies.
Initial jobless claims for regular state programs totaled 1.51 million in the week ended June 13, down slightly from an upwardly revised 1.57 million in the prior period, Labor Department figures showed Thursday. The 58,000 weekly drop was the smallest since claims began to retreat in early April.