The U.S. Labor Department reports Thursday that jobless claims for the week ended June 14 dipped to 312,000 from the prior-revised 318,000. MLV & Co. managing director Bryan Turley tells TheStreet's Joe Deaux that this is slow improvement, but good progress, nonetheless. While initial claims are an important indicator to economic health, Turley says market participants will keep in mind Federal Reserve Chairman Janet Yellen's comments from a Wednesday press conference. Turley says the 4-week moving average, which dipped to 311,750 from 315,500, was also a good sign for jobs.

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