The Labor Market Remains Strong but Better-Balanced.
- Initial claims for unemployment insurance fell by 6,000 to 233,000 in the week ending June 22 but the four-week moving average rose by 3,000 to 236,000.
- Continuing claims jumped by 18,000 to 1.839 million in the week ending June 15 and the four-week moving average rose by 12,000 to 1.816 million.