Jobless claims for the week ending on June 4 hit 229,000 , the highest since January.

The number of jobless claims increased by 27,000 from the last period , and it greatly surpassed the Dow Jones estimate of 210,000, according to a report.

Jobless claims of this magnitude were last recorded in January.

However, continuing claims sit relatively unmoved at slightly over 1.3 million, below estimates.

Volatility in the number of claims can be attributed to a four-week moving average for continuing claims, the report noted.