US released its Initial Jobless Claims for November 7 showing a decline as it came in at 502 thousand; better than the expected reading of 510 thousand and the prior revised reading of 514 thousand from 512 thousand, while the Continuing Claims for October 31 plunged to 5631 thousand, which is better than the forecasted reading of 5700 thousand and the prior revised reading of 5770 thousand from 5749 thousand.