New claims for US unemployment benefits fell last week, according to a government report issued Thursday.
Initial jobless claims dropped by 12,000 to 267,000 in the week ending 13 June, the Labor Department said. The prior week's level was unrevised.
The reading was better than analysts expected, with an average estimate pegged at 276,000.
The four-week moving average totaled 276,750, a decline of 2,000 from the previous week. A year ago, the average stood at 312,750, according to Reuters.
The Labor Department said there were no special factors impacting the latest data for initial claims, which indicate the pace of layoffs.