Financial News: U.S. Jobless Claims Unexpectedly Rise To Four-Month High

U.S. Jobless Claims Unexpectedly Rise To Four-Month High

06/11/2026 - 09:49:00 (RTTNews)

(RTTNews) - The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended June 6th.

The report said initial jobless claims crept up to 229,000, an increase of 4,000 from the previous week's unrevised level of 225,000. Economists had expected jobless claims to dip to 219,000.

With the unexpected climb, jobless claims reached their highest level since hitting 230,000 in the week ended February 7th.

"Initial jobless claims have moved well off their recent lows, but we don't think the increase is signaling a deteriorating labor market conditions," said Nancy Vanden Houten, Lead U.S. Economist at Oxford Economics. "Labor market indicators taken together paint a stabilized and improving picture."

Vanden Houten said the unexpected increase in weekly jobless claims "may be at least in part due to seasonal noise around the end of the school year in some states."

The Labor Department said the less volatile four-week moving average also rose to 219,000, an increase of 4,250 from the previous week's unrevised average of 214,750.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also climbed by 24,000 to 1.795 million in the week ended May 30th.

The four-week moving average of continuing claims also inched up to 1,780,500, an increase of 4,750 from the previous week's revised average of 1,775,750.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New Zealand Inflation Data Due On Tuesday (26 min(s), 18 sec(s) ago)
(RTTNews) - New Zealand will on Tuesday release Q2 data for consumer prices, highlighting a light ...Full Story»

U.S. Leading Economic Index Dips Slightly More Than Expected In June (08 hr(s), 10 min(s), 18 sec(s) ago)
(RTTNews) - Partially reversing gains registered in May and April, the Conference Board released a ...Full Story»

Portugal Proucer Price Inflation Eases To 5.0% (11 hr(s), 35 min(s), 18 sec(s) ago)
(RTTNews) - Portugal's producer price inflation slowed marginally in June from a more than thr ...Full Story»

Poland Industrial Output Growth Hits 9-month High; Producer Price Inflation Eases (13 hr(s), 40 min(s), 18 sec(s) ago)
(RTTNews) - Poland's industrial production expanded at the quickest pace in nine months in Jun ...Full Story»

China Holds Loan Prime Rates As Expected (13 hr(s), 41 min(s), 18 sec(s) ago)
(RTTNews) - China maintained its loan prime rates unchanged for the fourteenth consecutive month, ...Full Story»

Estonia Producer Price Inflation Rises To 3.8% (15 hr(s), 04 min(s), 18 sec(s) ago)
(RTTNews) - Estonia's producer price inflation accelerated for the third straight month in Jun ...Full Story»

Germany Producer Prices Rise For Third Month (15 hr(s), 48 min(s), 18 sec(s) ago)
(RTTNews) - Germany's producer prices increased for the third straight month in June, data fro ...Full Story»

Malaysia Trade Surplus Grows In June (15 hr(s), 50 min(s), 18 sec(s) ago)
(RTTNews) - The Malaysian foreign trade surplus increased notably in June from a year ago as expor ...Full Story»