Weekly jobless insurance claims until June 12, 2010 rise by 12000 claims to 472000 claims.

Economists surveyed by Bloomberg, believes the number of jobless insurance claims in the same period will decrease to 450000 claims, or may decline to 10000 claims.

Some companies cut workers to boost profits. At the same time the number of labor force continued to rise.

From these data can be seen if the high jobless remains a major threat to economic recovery in the United States.

Chief Economist of Mizuho Securities USA Inc. Steven Ricchiuto said. “The labor market did not improve. U.S. needs a sustainable recovery and improvement is needed in the labor market.”

Weakening consumer purchasing power can be seen from separate data published by the government. The consumer price index in May 2010 decreased 0.2%t from April, the biggest decline since December 2008.

High unemployment and weak inflation makes economists believe The Fed will not soon raise its benchmark interest rate. Economists believe The Fed will not raise benchmark interest rates until next year.