Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 226,000 for the week ended June 13, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week.

The number of Americans applying for jobless aid fell modestly last week as layoffs remained in the same historically low range of recent years.

US initial jobless claims fell to 226,000 for the week ending June 13, near multi-year lows. Here's what it means for Fed policy and crypto risk appetite.