The U.S. Labor Department released the initial jobless claims for the week ending February 5, where jobless claims declined to 383,000, compared with the prior revised estimate of 419,000 and also below estimates of 410,000. Continuing claims for the week ending January 29, also dropped to 3.888 million, compared with the prior revised estimate of 3.935 million and below median estimates of 3.900 million.