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U.S. Weekly Jobless Claims Dip More Than Expected

A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 15th.

The report said initial jobless claims dipped to 216,000, a decrease of 6,000 from the previous week's unrevised level of 222,000. Economists had expected jobless claims to edge down to 220,000.

Meanwhile, the Labor Department said the less volatile four-week moving average inched up to 218,750, an increase of 1,000 from the previous week's unrevised average of 217,750.

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