U.S. Jobless Claims Unexpectedly Edge Down To 215,000

U.S. first-time claims for unemployment benefits edged modestly lower in the week ended June 27, after being unexpectedly lower than anticipated. The Labor Department report suggests slightly less labor-market deterioration at the margin, which is likely a modest tailwind for rate and growth expectations.

Analysis

U.S. first-time claims for unemployment benefits edged modestly lower in the week ended June 27, after being unexpectedly lower than anticipated. The Labor Department report suggests slightly less labor-market deterioration at the margin, which is likely a modest tailwind for rate and growth expectations.