Initial claims for state unemployment benefits fell by 24,000 in the week ending June 6, to 601,000, below analysts’ expectations, according to data released by the Labor Department yesterday.

A Thomson Reuters survey had expected the initial claims level to drop to 615,000 this week from the originally reported 621,000 in the May 30 week. The expectations ranged from 510,000 to 640,000.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.