Upside surprise in weekly US jobless claims at the start of June

(Sharecast News) - The number of people in the States filing for unemployment benefits moved higher during the preceding week. According to the Department of Labor, in seasonally adjusted terms initial unemployment claims increased by 13,000 over the week ending on 8 June.

Meanwhile, the four-week moving average, which aims to smooth out the fluctuations in the data from one week to the next, jumped by 4,750 to 227,000.

Secondary unemployment claims, which are those not being filed for the first time and referencing the week finishing on 1 June, rose by 30,000 to 1.82m.

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