Summary

• In the week ending June 20th, initial jobless claims were at a seasonally adjusted level of 215,000.
• This represents a decrease of 12,000 from the previous week's figure and was lower than the forecast of 225,000.
• The four-week moving average currently stands at 224,250, up 750 from the previous week, the highest level in seven months.

By Jennifer Nash

Initial jobless claims measure the number of people who file for unemployment for the first time in a given week. In the week ending June 20th, initial jobless claims were at a seasonally