US weekly jobless claims drop more than expected (opens original article in a new tab)

US weekly jobless claims dropped more than expected to 215,000, reflecting a resilient labor market with no significant hiring acceleration or widespread layoffs.

• US weekly jobless claims fell 12,000 to 215,000 for the week ended June 20
• The decline exceeded expectations of 225,000 claims
• Continuing claims increased 21,000 to 1.821 million as of June 13
• Unemployment rate remained at 4.3% for three months with prolonged unemployment spells