FX.co ★ US Initial Jobless Claims Hold June Increases

The number of initial jobless claims in the United States declined by 5,000, reaching 245,000 for the week ending June 14th. This figure aligns with market expectations and represents the fifth highest count since August 2023, notwithstanding the recent upward trend. Concurrently, ongoing unemployment claims stood at 1,945,000 in the previous week, nearing the peak of 1,951,000 recorded in the final week of May—the highest level in over three years. These figures reinforce the perspective that the US labor market is showing signs of softening, a shift from its earlier strength despite the economic uncertainties experienced this year.