Insurance Claim

Initial jobless claims were unchanged last week, holding at 370,000, the Labor Department said Thursday.

Economists had forecast claims to drop to 365,000, Bloomberg reported.

The four-week moving average, a less volatile measure, fell to 375,000, from 379,750.

Continuing claims for the previous week ended May 5 rose by 18,000 to 3.27 million a week earlier.

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