First-time claims for U.S. unemployment benefits rebounded by more than anticipated in the week ended January 26th, according to a report released by the Labor Department on Thursday, with jobless claims bouncing off a five-year low.

The report showed that initial jobless claims rose to 368,000, an increase of 38,000 from the previous week's unrevised figure of 330,000. Economists had been expecting jobless claims to climb to 355,000.