Jobless Claims Hold Steady

By: Associated Press Email
By: Associated Press Email

Washington (AP) New filings for unemployment benefits held steady last week but were still at a high level, pointing to a cooler jobs market.

In a new report today, the labor department says new applications for unemployment insurance stayed at 384,000 for the week ending June 21, marking no change from the previous week. The figure was higher than the 375,000 claims level economists were
forecasting.

The four-week moving average of claims, which smoothes out week-to-week fluctuations, rose by 2,250 last week to 378,250.


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