A day earlier than usual due to the Independence Day holiday on Thursday, the Labor Department released a report on Wednesday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 29th.
The Labor Department said initial jobless claims dipped to 221,000, a decrease of 8,000 from the previous week's revised level of 229,000.
Economists had expected jobless claims to edge down to 223,000 from the 227,000 originally reported for the previous week.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.