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Saturday, June 15, 2019 4:29:28 PM EDT

Initial Claims Updated 13-Jun-19 09:11AM ET

Initial claims for the week ending June 8 hit 222,000 ( consensus 220,000), up 3,000 from the prior week's revised level of 219,000 (revised from 218,000).

Continuing claims for the week ending June 1 increased by 2,000 to 1.695 mln from the previous week's revised level of 1.693 mln (revised from 1.682 mln).

The four-week moving average for initial claims increased by 2,500 to 217,750.

The four-week moving average for continuing claims increased by 7,750 to 1,683,250.

Initial claims have held below 300,000 for 223 straight weeks.

The key takeaway from the report is that unemployment claims continue pointing to a tight labor market.

Jun 8Jun 1May 25May 18May 11
Initial Claims222K219K218K212K212K
4-Wk Moving Avg218K215K218K221K225K
Continued Benefits1695K1693K1662K1683K
4-Wk Moving Avg1679K1671K1669K1676K