The U.S. Labor Department released the Initial Jobless Claims for the week ending June 11, where the index eased to 414 thousand compared to the prior revised estimate of 430 thousand and better than expected estimate of 420 thousand.

while continuing claims for the week ending June 4, came in higher than forecasted at 3.675 million compared to the prior revised of 3.696 million, and slightly above median estimates of 3.670 million thousand.