Initial Jobless Claims Rise by 17,000 for Week

Initial jobless claims rose by 17,000 last week, the Labor Department said Thursday.

Jobless claims increased to 372,000 for the week ended Saturday, Labor said.

The drop was below the 375,000 economists had forecast, Bloomberg reported.
 
The four-week moving average, a less volatile measure, fell to 376,000, from 376,750, Labor said.