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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.