U.S. initial jobless claims unexpectedly dropped by 27,000 to 365,000 for the latest week, the U.S. Labor Department announced Thursday, a total below the 378,000 Bloomberg consensus estimate.

Meanwhile, the more-telling, four-week moving average, which excludes anomalies such as strikes, and holidays, rose by 750 to 383,500.

Details to follow.

US Job Market
U.S. initial jobless claims dropped by 27,000 to 365,000 for the latest week, the U.S. Labor Department announced Thursday, a total below the 378,000 Bloomberg consensus estimate. Photo: REUTERS