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New unemployment claims in U.S. decline, but stay above 400,000

Pennsylvania and California saw the largest increases in new jobless claims, Thursday's report said. Michigan and Delaware saw the greatest decreases. File Photo by Gary C. Caskey/UPI
Pennsylvania and California saw the largest increases in new jobless claims, Thursday's report said. Michigan and Delaware saw the greatest decreases. File Photo by Gary C. Caskey/UPI | License Photo

June 24 (UPI) -- New unemployment claims in the United States are again above the 400,000 mark, but have declined somewhat, the Labor Department said in its weekly report Thursday.

The department said 411,000 U.S. workers filed new jobless claims last week, a decline of about 7,000 filings from the week prior. The report also revised the previous week's figure up by 6,000 claims.

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Thursday's report marked the second straight week new filings totaled more than 400,000.

Most analysts expected about 380,000 new claims.

The department said there were just under 3.4 million continuing claims, which lag initial claims by a week. That's the lowest total since March 2020.

"While progress in claims filings may have stalled in recent weeks, the change has been subtle, so resist the urge to read too much into it or characterize things as getting worse," said Greg McBride, Bankrate's chief financial analyst, according to Yahoo Finance.

Pennsylvania and California saw the largest increases in new claims, the report said. Michigan and Delaware saw the greatest decreases in initial filings.

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