The U.S. Labor Department released the Initial Jobless Claims for the week ending June 18, where the index rose to 429 thousand compared to the prior revised estimate of 420 thousand and worse than expected estimate of 415 thousand.

While continuing claims for the week ending June 11, came in higher than expected at 3.697 million compared to the prior revised of 3.698 million and up from median estimates of 3.670 million thousand.