A handful of recent economic data pointed toward a quicker-than-expected recovery, and the weekly initial jobless claims report Thursday provided investors with additional clues on the state of the U.S. labor market.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Another 1.508 million Americans filed for unemployment benefits in the week ending June 13, exceeding consensus expectations for 1.29 million. The prior week’s figure was revised higher to 1.57 million from the previously reported 1.54 million jobless claims. While last week marked 11 consecutive week of deceleration, more than 45 million Americans have filed for unemployment insurance over the past 13 weeks.” data-reactid=”17″>Another 1.508 million Americans filed for unemployment benefits in the week ending June 13, exceeding consensus expectations for 1.29 million. The prior week’s figure was revised higher to 1.57 million from the previously reported 1.54 million jobless claims. While last week marked 11 consecutive week of deceleration, more than 45 million Americans have filed for unemployment insurance over the past 13 weeks.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Read more:&nbsp;Coronavirus: How to find a job in a tough economy” data-reactid=”18″>Read more: Coronavirus: How to find a job in a tough economy

Continuing claims, which lags initial jobless claims data by one week, totaled 20.54 million in the week ending June 6 following 20.61 million in the prior week. Economists were expecting 19.85 million continuing claims for the week.

Initial jobless claims data isn’t necessarily a perfect indicator of the U.S. labor market, but it still is useful, according to Wells Fargo Securities. “Over-reliance on jobless claims led every forecaster to miss the increase in May nonfarm employment, but claims are still a useful indicator.”

“Initial claims the week ended June 6 fell 19% from the prior week to 1.5M, the largest percentage decrease since April 11. Continuing claims the week ended May 30 fell by 340K t0 20.9M, only the second decrease since the crisis began. The decrease would have been larger if not for outsized increases in California, Florida and Oregon. But both of these numbers are still horrific,” the firm added.

In the week ending June 13, California reported the highest number of jobless claims at an estimated 243,000 on an unadjusted basis, down from 256,000 in the previous week. Georgia had 131,000, down from 135,000. New York reported 96,000 and Texas had roughly 94,000 jobless claims.

MIAMI BEACH, FLORIDA - MAY 22: Joseph Louis joins others in a protest asking the state of Florida to fix its unemployment system on May 22, 2020 in Miami Beach, Florida. Unemployed hospitality and service workers who have not received unemployment checks held the protest demanding Florida Governor Ron DeSantis fix the unemployment system and send out their benefits. Since the closure of all non-essential businesses due to the coronavirus pandemic, hundreds of thousands of hospitality workers across Florida find themselves out of work. Florida’s unemployment system has not worked reliably. (Photo by Joe Raedle/Getty Images)MIAMI BEACH, FLORIDA - MAY 22: Joseph Louis joins others in a protest asking the state of Florida to fix its unemployment system on May 22, 2020 in Miami Beach, Florida. Unemployed hospitality and service workers who have not received unemployment checks held the protest demanding Florida Governor Ron DeSantis fix the unemployment system and send out their benefits. Since the closure of all non-essential businesses due to the coronavirus pandemic, hundreds of thousands of hospitality workers across Florida find themselves out of work. Florida’s unemployment system has not worked reliably. (Photo by Joe Raedle/Getty Images)
MIAMI BEACH, FLORIDA – MAY 22: Joseph Louis joins others in a protest asking the state of Florida to fix its unemployment system on May 22, 2020 in Miami Beach, Florida. (Photo by Joe Raedle/Getty Images)

UBS economist Seth Carpenter noted that recent high frequency data has indicated that the rate of job layoffs continues to slow. “We think PPP loans and the reopening policies are continuing to support the labor market data. The drop in initial claims would be larger except a handful of states have chronically high layoff rates.”

Pandemic Unemployment Assistance (PUA) program claims, which include those who were previously ineligible for unemployment insurance such as self-employed and contracted workers, was closely monitored in Thursday’s report.

PUA claims totaled 760,5266 on an unadjusted basis in the week ending June 13, up from the prior week’s 694,463.

“We are watching to see if the slow down continues in Pandemic Unemployment Assistance (PUA) claims, which extend benefits to the self-employed and others not eligible for regular UI benefits. Both the continuing and initial PUA claims fell [last] week which suggest re-employment trends are occurring across industries,” Carpenter said in a note June 12.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="” data-reactid=”38″>

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter:&nbsp;@heidi_chung.” data-reactid=”39″>Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="More from Heidi:” data-reactid=”40″>More from Heidi:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Find live stock market quotes and the latest business and finance news” data-reactid=”45″>Find live stock market quotes and the latest business and finance news

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Follow Yahoo Finance on&nbsp;Twitter,&nbsp;Facebook,&nbsp;Instagram,&nbsp;Flipboard,&nbsp;LinkedIn, and&nbsp;reddit.” data-reactid=”46″>Follow Yahoo Finance on TwitterFacebookInstagramFlipboardLinkedIn, and reddit.