J P M O R G A N North America Economic Research 25 June 2026 US: Initial claims still look good, cont. claims stabilize Jobless claims continue to do well. Initial claims fell back from 227k to 215k in the week ending June 20, as they continue to trace out a similar seasonal pattern to prior years, but at a lower level. Jobless claims in general have been holding up well, and these along with the weekly ADP data suggest another decent month of payroll gains in June. Continuing claims, meanwhile, rose anothe ...