23:55 - 11.06.2026
June 11, Fineko/abc.az. The number of Americans filing new claims for unemployment benefits rose more than expected for the week ending June 6, hitting its highest level since early February and signaling a potential softening in the labor market.
According to ABC.AZ, citing the weekly report released by the US Department of Labor, initial claims for state unemployment benefits increased by 4,000 to a seasonally adjusted 229,000. Wall Street macroeconomists had consensus forecasts factoring in a lower print of around 220,000.
Key Labor Market Metrics:
Claims Track: The previous week's baseline was unrevised at 225,000. Meanwhile, the 4-week moving average—which irons out week-to-week volatility—edged up by 4,250 to 219,000.
Continuing Claims: The volume of continuous jobless benefits rose by 24,000 to 1.795 million during the week ending May 30.
Financial market analysts note that the upward trajectory in jobless applications underscores a gradual cooling trend within the US employment sector, a critical metric that the Federal Reserve will monitor ahead of its upcoming monetary policy configurations.
