WASHINGTON – Seasonally adjusted initial jobless claims fell to 387,000 for the week ending June 16, while continuing claims for the previous week remained at 3.299 million, the Department of Labor reported Thursday.
The 387,000 initial claims declined 2,000 from the previous week's upwardly revise 389,000 initial claims, originally reported as 386,000.
The 3.299 million continuing claims for the week ending June 9 was unchanged from the revised figure for the week ending June 2, which was initially reported as 3.278 million.
The 387,000 initial claims were higher than the median estimate of 380,000 claims projected by economists polled by Thomson Reuters, and the 3.299 million continuing claims also surpassed the 3.280 million economists estimated.
The four-week moving average for initial claims was 386,250, up 3,500 from the previous week's revised average of 382,750, which was originally reported as 382,000.
The four-week moving average for continuing claims was 3.294 million, up 5,250 from the previous week's revised average.