The U.S. Labor Department released the Initial Jobless Claims for the week ending November 12, where the index lost 5 thousand to 388 thousand from the prior adjusted estimate of 393 thousand and above expected estimate of 395 thousand.

While continuing claims for the week ending November 05, came in better than expected at 3608 thousand compared to the prior revised estimate of 3665 thousand and median estimates of 3635 thousand.