The number of initial jobless claims in the United States rose to 225,000, reaching a new high since February.

NEW YORK, June 4 — U.S. initial jobless claims for the week ending May 30 came in at 225,000, above the consensus estimate of 213,000 and the revised prior week’s figure of 212,000, hitting their highest level since the first week of February. The four-week moving average rose to 214,750 from 208,250 the week before. Continuing jobless claims totaled 1.777 million, a touch below the forecasted 1.780 million. The uptick in initial claims points to a cooling labor market, though claims levels remain historically low and stable. Continuing jobless claims notched a minor decline. It’s worth noting that continuing jobless claims data lags initial claims by one week, so next week’s figures will align with this report’s initial claims reading. In pre-market trading, U.S. stock futures were mixed: Dow futures advanced 1%, S&P 500 futures slipped 0.22%, and Nasdaq futures fell more than 1%. U.S. Treasury yields pulled lower across the board, with the 2-year Treasury yield sliding 4.5 basis points to 4.039%, the 10-year yield dropping 3.8 basis points to 4.455%, and the 30-year Treasury yield falling 3 basis points to 4.960%. (FXStreet)