Take a Look: Jobless Claims Back Below 400K

Jobless claims fell more than expected last week to the lowest since late February. In total, 381,000 people filed for first-time jobless benefits, well below the consensus estimate of 395,000.

The four-week-moving average, which is a metric used to smooth volatility in the weekly readings, is down for the ninth time in 11 weeks, dipping to 393,250 -- the lowest since early April.