US initial jobless claims hold steady during first week of June.
Americans lined up for unemployment benefits at a steady pace in the week ended 7 June, according to the Department of Labor.
Source: Sharecast
Initial jobless claims came to 248,000, in line with the previous week's upwardly revised rate and versus expectations of a drop to 240,000.
Elsewhere, continuing claims jumped by 54,000 to 1.95m, while the four-week moving average, which aims to strip out week-to-week volatility, came in at 240,250, up by 5,000 when compared to the previous week's reading.
The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending 31 May, an increase of 0.1% on the previous week.
Reporting by Iain Gilbert at Sharecast.com
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
