Initial jobless claims fell slightly to 411,000 last week, coming in above the median economist estimate.
Jobless claims totaled an unadjusted 411,000 last week, the Labor Department said Thursday.
The slight decline suggests the labor market's recovery may be stagnating as claims fail to return to their pandemic-era lows.
Continuing claims, which track Americans receiving unemployment benefits, edged lower to 3.39 million for the week that ended June 12.
The "matching function" of pairing job openings with eligible Americans may take some time and limit the speed of the economic recovery, Powell said.
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