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Data compiled by Woofun AI shows that US initial jobless claims for the week concluding on June 13th totaled 226,000, a figure slightly above the anticipated 225,000. The prior week’s data was revised upward from 229,000 to 230,000, reflecting minor adjustments in labor market reporting.
Meanwhile, the Philadelphia Fed Manufacturing Index for June recorded a value of 10.3, surpassing the expected 10 and marking a significant improvement from the previous reading of -0.4. This divergence suggests strengthening industrial activity despite marginal softness in employment metrics.