[Truman]

Initial jobless claims for the week ending July 1 increased by 12,000 to 248,000 (consensus 245,000).
Continuing jobless claims for the week ending June 24 decreased by 13,000 to 1.720 million.

The key takeaway from the report is much the same: initial jobless claims — a leading indicator — continue to run well below recession-like levels.