Initial claims for state unemployment benefits in the June 27 week fell 16,000 to 614,000, roughly in line with analysts’ expectations, especially given the 3,000 upward revision to the previous week’s level, according to data released by the Labor Department Thursday.

A Labor analyst said there was “no special factor” this week.

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.