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The Numbers: Initial Allowance Claims Rise 9,000 to 227,000 during the week ended June 23rd.
This exceeded the estimate of 220,000 economists surveyed by MarketWatch, but the claims are still near the lowest level in half a century.
The more stable monthly average claims, meanwhile, increased from 1,000 to 222,000, the government said Thursday.
The number of people receiving unemployment benefits decreased from 21,000 to 1.71 million.
What Happened: Claims often bounce up and down after the end of the school year and summer begins, but the image wider is unchanged. Very few people are fired and companies are struggling to find skilled workers to fill a sea of open jobs.
Large Image: The US economy rebounded in the spring and could post its strongest quarterly growth in 15 years.
Read: GDP could reach 5% in the spring, a peak reached in 15 years
One of the main reasons is the strongest job market for nearly two decades. The unemployment rate has fallen to its lowest level in 18 years and this is driving up wages. More Americans have money to spend and they spend it.
Read: Harley-Davidson does not leave for Europe simply because of Trump tariffs
Also Read: The US economy could cross this step for the first time in 13 years if US companies maintain it
Market reaction: Dow Jones Industrial Average
DJIA, -0.27%
and the S & P 500
SPX, + 0.05%
were ready to open higher in Thursday's trades. The 10-year Treasury yield
TMUBMUSD10Y, + 0.25%
was little changed at 2.83%.
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