Initial claims for state unemployment benefits rose 1,000, and after an upward revision to the previous week, reached a level of 427,000 in the June 4 week — the ninth week solidly back above 400,000, according to data released by the Labor Department Thursday.
Initial claims were revised up 4,000 to 426,000 in the May 28 week. After flirting with a below-400,000 level from early February to early April, the level of claims has stayed above the 400,000 threshold since the April 9 week. Seasonal factors led to an expected decrease in unadjusted claims of 4.6% but instead saw a 4.5% decline of 16,990, to 364,507. A year earlier, the unadjusted level was 398,864.