/Jobless Claims Hold Above 400,000 for Second Week in a Row

Jobless Claims Hold Above 400,000 for Second Week in a Row

Initial claims for unemployment insurance remained elevated last week as employers struggled to fill a record number of job openings.

First-time filings totaled 411,000 for the week ended June 19, a slight decrease from the previous total of 418,000 but worse than the 380,000 Dow Jones estimate, the Labor Department reported Thursday.

A separate report from the Census Bureau showed that orders for long-lasting big-ticket items increased by 2.3% in May, slightly below the 2.6% estimate but still the biggest gain since July.

Also, the final count on first-quarter gross domestic product growth came in at 6.4%, unchanged from the last estimate and in line with forecasts.

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