The U.S. Labor Department released the initial jobless claims for the week ending June 04, where jobless claims rose to 427,000, compared with the prior revised estimate of 426,000 and worse than median estimates of 419,000, while continuing claims for the week ending May 28, eased to 3.676 million, compared with the prior revised estimate of 3.747 million, and better than median estimates of 3.700 million.