Weekly initial jobless claims in the US fell to 200,000 in the week ending 28 May, below the expected drop to 210,000 from 211,000 a week earlier, data released by the US Labour Department on Thursday showed. That meant the four-week average number of claims fell to 206,500. 

Meanwhile, Continued Claims fell to 1.309 million in the week ending on 21 May, from 1.343 million a week prior, larger than the expected drop to 1.325 million. That meant the insured unemployment rate fell back to 0.9% from 1.0% a week earlier. 

Market Reaction

There wasn't really any market reaction specifically to the latest weekly jobless claims data.