The U.S Department of Labor reported the weekly jobless claims for the week ended January 14, showing the number of Americans filing for unemployment insurances dropped by 50 thousand to 352 thousand last week, from a revised 402 thousand, the the lowest in almost four year and beating analysts' median estimates of 384 thousand.

While continuing claims fell to 3.432 million in the week ended January 7, from a revised 3.647 million and also beating economists' forecasts of 3.590 million. The four-week moving average, which excludes heavy fluctuations in the jobless claims, eased to 379 thouand last week for 382.5 thousand.