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Initial Claims Fall by 3,000 to 456,000

Initial jobless claims fell to a seasonally adjusted 456,000 from an upwardly revised 459,000 for the week ending June 5, the Labor Department said.
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WASHINGTON (

TheStreet

) -- The government said initial claims, or those first-time filers for state unemployment benefits, edged lower last week, a week after the release of a disappointing monthly jobs report.

Initial jobless claims fell to a seasonally adjusted 456,000 from an upwardly revised 459,000 for the week ending June 5, the Labor Department reported Thursday. According to consensus figures provided by

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Briefing.com

, Wall Street was looking for new claims to fall to 450,000 from the prior week's pre-revised 453,000 tally.

The moving average of new filers over the past four weeks ticked higher by 2,500 to 463,000, while the number of those continuing on jobless benefit roles dropped from 4.717 million to 4.462 million for the week ending May 29.

This week's claims data is receiving added attention after the government said last Friday that employers added an underwhelming 431,000 jobs to nonfarm payrolls in May. The great majority of the jump came from a thrust of new temporary hires for the census.

--Written by Sung Moss in New York