Here is the opening statement from the Department of Labor:

SEASONALLY ADJUSTED DATA

In the week ending June 19, the advance figure for seasonally adjusted initial claims was 411,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 412,000 to 418,000. The 4-week moving average was 397,750, an increase of 1,500 from the previous week's revised average. The previous week's average was revised up by 1,250 from 395,000 to 396,250.

The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending June 12, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 12 was 3,390,000, a decrease of 144,000 from the previous week's revised level. This is the lowest level for insured unemployment since March 21, 2020 when it was 3,094,000. The previous week's level was revised up 16,000 from 3,518,000 to 3,534,000. The 4-week moving average was 3,552,500, a decrease of 55,250 from the previous week's revised average. This is the lowest level for this average since March 21, 2020 when it was 2,071,750. The previous week's average was revised up by 4,000 from 3,603,750 to 3,607,750. [See full report]

This morning's seasonally adjusted 411K new claims, down 7K from the previous week's revised figure, was worse than the Investing.com forecast of 380K.

Here is a close look at the data over the decade (with a callout for the past year), which gives a clearer sense of the overall trend.