[Truman]

Initial jobless claims for the week ending June 6 increased by 4,000 to 229,000 (consensus: 222,000), while continuing claims for the week ending May 30 increased by 24,000 to 1.795 million.

Jobless claims were higher in the latest week, but the key takeaway remains that they are not at levels that would connote a material degradation of the labor market.