Weekly Unemployment Claims Steady, Insured Unemployment Shows Slight Drop | June 22, 2023

The unemployment insurance claims report for the week ending June 17 shows stability in initial claims, which held steady at 264,000. This is consistent with the revised figures from the previous week. On the other hand, insured unemployment figures showed a slight drop of 13,000 for the week ending June 10, putting the total at 1,759,000. This suggests a gradual improvement in the employment situation. #MarketUpdate