Fri, 27 Mar 2015 08:49:03 GMT
US Jobless claims level dips the most in five weeks
Fewer number of unemployment claims due to improved weather conditions started to stabilize labor-market as they did not reach analysts' expectations. Jobless claims plunged by 9,000 to 282,000 during the previous week, showing the lowest level since mid of February. However, analysts predicted them to stay at 290,000. Meanwhile, consumer confidence soared last week matching the second record since July 2007.