ECONODAY: One step backward following however two steps forward! Initial claims in the June 25 week did rise 10,000 to a slightly higher-than-expected 268,000 but follow a downwardly revised decline of 19,000 to 258,000 in the prior week. The 4-week average is unchanged in the latest week at a 266,750 level that is roughly 10,000 below a month-ago in what is a favorable indication for the June employment report...
