The U.S. Labor Department released the Initial Jobless Claims for the week ended December 10, where the index dropped cheerfuly to 366 thousand from prior revised estimate of 385 thousand and well below expected estimate of 390 thousand.

While continuing claims for the week ended December 03, came in lower than expected at 3603 thousand compared to the prior revised estimate of 3599 thousand and median estimates of 3637 thousand.