U.S. jobless declines

Thursday, 10 May 2012 04:59

U.S. Department of Labor said that the number of individuals who filled for unemployment benefit, on the week ending of May 5 fell by a thousand to a seasonal adjusted 367.000, defying expectations for an increase of 1.000.In the previous week it was an 3.000 grow, according to the .U.S.D.O.L. Jobless claims have remained below 400,000, a level historically associated with an improving labor market, in 26 of the past 28 weeks, lately claims have been pushing higher from the 350,000..

Following the release of the data, the U.S. dollar remained lower against the euro, with rising 0.23% to trade at 1.2957.

Meanwhile, U.S. stock index futures held on to gains following the data.