NEW YORK (CNNfn) - The number of Americans filing new claims for unemployment benefits fell to 296,000 for the week ended June 10 from a revised 312,000 in the prior week, the U.S. Department of Labor said Thursday.|
U.S. economists surveyed by Briefing.com had forecast U.S. jobless claims of 289,000 for the period.
The four-week moving average of claims, which generally provides a more accurate picture of jobless trends, rose to 295,750 for the June 10 week from a revised 291,250 for the prior reporting period.
The four-week moving average is at its highest since 300,250 in the Oct. 16, 1999 week.
Continued claims were reported at 2,024,000 for the June 3 week, the latest data available, from a revised 1,996,000 reported for the prior week.
Wisconsin, North Carolina, Texas, Illinois and Kentucky reported an increase in claims of more than 1,000 in the week ended June 3, the latest period for which the data are available.
Wisconsin pointed to layoffs in construction, and North Carolina experienced
layoffs in the textile industry, with Texas reporting more layoffs in the service industry. Illinois blamed layoffs in manufacturing and trade, while Kentucky reported layoffs in food and mining industries.