Jobless claims hold above 400,000 for the second week in a row

  • Initial jobless claims totaled 411,000 for the week ended June 19, a decline from the 418,000 in the previous period but worse than the 380,000 estimate.
  • Continuing claims decreased to 3.39 million.
  • Durable goods orders rose 2.3%, below the Dow Jones estimate, while the final reading on first-quarter GDP came in at 6.4%, in line with expectations.

Initial claims for unemployment insurance remained elevated last week as employers struggled to fill a record amount of job openings.

First-time filings totaled 411,000 for the week ended June 19, a slight decrease from the previous total of 418,000 and worse than the 380,000 Dow Jones estimate, the Labor Department reported Thursday.

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