U.S. jobless claims sink 38,000 signaling improved labor market

326,000 people who recently lost their jobs applied for unemployment benefits in early October, marking the first decline in a month signaling improvement in the U.S. labor market.

The U. S. dollar hardly moved against a basket of currencies on Thursday, as investors await the release of U.S. labor market data on Friday that could provide clues to the timing of the Federal Reserve’s next move as it looks to normalize the fiscal policy.

New jobless claims traditionally paid by the states fell by 38,000 in the seven days ended on 2 October from 364,000 in the prior week, the government said Thursday.