RTTNews - Indicating continued weakness in the labor market, the Labor Department released a report on Thursday showing that first time claims for unemployment benefits unexpectedly increased in the week ended June 20th.

The report showed that initial jobless claims rose to 627,000 from the previous week's revised figure of 612,000. Economists had expected jobless claims to edge down to 600,000 from the 608,000 originally reported for the previous week.

For comments and feedback: contact editorial@rttnews.com