The U.S. Labor Department released the Initial Jobless Claims for the week ended Feb. 11, where tclaims fell by 13 thousand to 348 thousand; better than the prior revised 361 thousand and expected estimate of 365 thousand.

While continuing claims for the week ended Feb. 3 came at 3426 thousand compared to the prior revised of 3526 thousand and down from median estimates of 3495 thousand.