U.S. jobless claims rebounds in week ended May 11

Initial claims for unemployment benefits in the U.S. bounced back by more than originally expected in the week ended on May 11, the latest figures released by the Labor Department unveiled on Thursday. First-time jobless claims increased from 328,000 estimated for the previous week to 360,000 recorded in the last week, while the figure was forecast to jump to 330,000 from 323,000.