The average of new claims over the past four weeks, meanwhile, rose by 3,750 to 374,500.
Continuing claims decreased by 36,000 to a seasonally adjusted 3.24 million in the week ended May 19, the Labor Department said. Continuing claims are reported with a one-week lag.
About 6.14 million people received some kind of state or federal benefit in the week ended May 12, down 30,753 from the prior week. Total claims are reported with a two-week lag.
To read more, go to MarketWatch