India, June 18 -- First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday.
The report said initial jobless claims dipped to 245,000, a decrease of 5,000 from the previous week's revised level of 250,000.
Economists had expected jobless claims to slip to 245,000 from the 248,000 originally reported for the previous week.
The upwardly revised figure for the previous week marked the highest level for jobless claims since they hit 259,000 in the week ended October 5, 2024.
"Despite the slight decline in initial jobless claims in the week ending June 14, both initial and continuing unemployment claims are trending higher, consistent...