Initial Jobless Claims Rise, Reaching Highest Level Since October 2021 |June 15, 2023

The U.S. Department of Labor reported that Initial Jobless Claims for the week ending June 10 reached 262,000, exceeding market predictions and matching the highest level since October 2021. Moreover, the four-week moving average increased to 246,750, marking its highest point since November 20, 2021. #MarketUpdate