The U.S. four-week moving average of initial claims for unemployment insurance fell by 750 in the week ended June 29 to a level of 345,500 from the previous week’s revised average of 346,250, according to seasonally adjusted numbers released today by the U.S. Department of Labor.

The four-week moving average decreases the volatility of the weekly numbers. Total initial claims for unemployment insurance for the week fell by 5,000 to 343,000 from the previous week’s revised figure of 348,000.