US Initial Jobless Claims Decline in Week Ended June 28

08:40 AM EDT, 07/03/2025 (MT Newswires) -- US initial jobless claims fell to a level of 233,000 in the week ended June 28 from an upwardly revised 237,000 level in the previous week, compared with expectations for an increase to 241,000 in survey of analysts compiled by Bloomberg as of 7:30 am ET.

The four-week moving average fell by 3,750 to 241,500 after decreasing by 500 to a level of 245,250 in the previous week.

Insured jobless claims held steady in the week ended June 21.

The weekly initial jobless claims data released by the US Labor Department measures filings for unemployment insurance benefits. Initial filings are reported through the previous Saturday, while those already on benefits are measured with a one-week lag.

A decrease in claims suggests a stronger labor market, a positive for the US economy and stocks, but a negative for bonds as it suggests wage growth that could lead to inflation.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.