6/11: EconUpdate by P. Duffy

EconUpdate by P. Duffy Initial unemployment claims fall another 2.4 percent, continued claims fall 6.9 percent What does this mean? The more rapid decline in continued claims indicates a steady increase in job growth. In the week ending June 5, initial unemployment claims were 376,000, a decrease of 9,000, or 2.4 percent, from the previous week’s unrevised level of 385,000. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. Continued claims during the week ending May 29 were 3,499,000, a decrease of 258,000,…

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