Weekly Initial Unemployment Claims decline to 346,000

[ProSense]

Weekly Initial Unemployment Claims decline to 346,000

by Bill McBride

The DOL reports:

In the week ending June 1, the advance figure for seasonally adjusted initial claims was 346,000, a decrease of 11,000 from the previous week's revised figure of 357,000. The 4-week moving average was 352,500, an increase of 4,500 from the previous week's revised average of 348,000.

The previous week was revised up from 354,000.

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http://www.calculatedriskblog.com/2013/06/weekly-initial-unemployment-claims.html