• Initial Jobless Claims rose by 238K vs. the previous week.
• Continuing Jobless Claims increased by more than 1.80M.

US citizens that applied for unemployment insurance benefits increased by 238K in the week ending June 15 according to the US Department of Labor (DoL) on Thursday. The prints surpassed initial estimates (235K) and came a tad lower than the previous weekly gain of 243K (revised from 242K).