Initial jobless claims for the week ending June 10 were unchanged at 262,000 (consensus 251,000). Continuing jobless claims for the week ending June 3 increased by 20,000 to 1.775 million.
The key takeaway from the report is that initial jobless claims have elevated in recent weeks, yet they remain well below levels north of 375,000 that have been seen in all recession since 1980.