The latest Jobless Claims report available from the US Department of Labor points to a strong demand in the labor market. The number of Americans filling for unemployment benefits fell 10,000 in the first week of June, dropping to 245,000.
The four week moving average rose slightly to 242,000, an increase of 2,500 from the previous week.
The seasonally adjusted insured unemployment rate was reported at 1.4%, unchanged from the previous week.
The seasonally adjusted insured unemployment decreased 2,000 to the record low level of 1,917,000.