Weekly jobless claims fell last week, a positive trend, according to advisorperspectives.com:
Here is the opening statement from the Department of Labor:
In the week ending June 18, the advance figure for seasonally adjusted initial claims was 259,000, a decrease of 18,000 from the previous week's unrevised level of 277,000. The 4-week moving average was 267,000, a decrease of 2,250 from the previous week's unrevised average of 269,250.
There were no special factors impacting this week's initial claims. This marks 68 consecutive weeks of initial claims below 300,000, the longest streak since 1973. [See full report]
Today's seasonally adjusted 259K new claims, down 18K from last week's 277K, was below the Investing.com forecast of 270K. This is the 68th consecutive week under 300K, the longest streak since 1973.
The four-week moving average is at 267,000, down 2,250 from last week's number.