US: Weekly Initial Jobless Claims Fall to 730K

The Labor Department said initial jobless claims fell to 730,000 last week, while the previous week’s figure was also revised down by 20,000 to 841,000. Analysts had expected a figure of 838,000 before the release.

This reading followed the previous print of 841,000 (revised from 861,000) and came in better than the market expectation of 838,000.