U.S. unemployment benefits applications fell last week by the most since October 2021 in a week that included the Juneteenth holiday.
Initial jobless claims decreased by 26,000 to 239,000 in the week ended June 24, according to the Labor Department’s Thursday report. The figure was lower than all estimates in a Bloomberg survey of economists.
Continuing claims, which include those who have received unemployment benefits for more than one week, dropped to 1.7 million for the week ended June 17.
