The U.S. Labor Department posted the Initial Jobless Claims for the week ended February 4, where the index fell by 15 thousand last week to 358 thousand from a prior revised estimate of 373 thousand and below expected estimate of 370 thousand.

While continuing claims for the week ended January 28 came above forecasts, at 3515 thousand compared to the prior revised estimate of 3451 thousand and median estimates of 3500 thousand.