Initial Jobless Claims Edge Higher

Washington, DC, June 14, 2012 -- Initial jobless claims rose again last week, according to the Labor Department.

Claims increased by 6,000 to a seasonally adjusted 386,000 in the week ended June 9.

Claims from two weeks ago were revised up to 380,000 from an original reading of 377,000, based on more complete data collected at the state level.

Economists had projected claims would fall to 376,000.

Claims have totaled 380,000 or higher over the past three weeks.

However, continuing claims decreased by 33,000 to a seasonally adjusted 3.28 million in the week ended June 2.