The U.S. Labor Department released its jobless claims figures on Thursday. The number of initial jobless claims in the week ending May 28 in the U.S. decreased by 1,000 to 267,000 from 268,000 in the previous week. Analysts had expected jobless claims to rise to 270,000.
Jobless claims remained below 300,000 the 65th straight week. This threshold is associated with the strengthening of the labour market.
Continuing jobless claims declined by 12,000 to 2,172,000 in the week ended May 21.
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