US Initial Jobless Claims Unexpectedly Drop To 365,000

By Joseph Lazzaro | May 03 2012 8:39 AM

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.

REUTERS

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.

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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.

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