U.S. initial jobless claims drop more than forecast

Initial claims for unemployment benefits in the U.S. decreased by more than preliminary estimated in the week ended on April 6 falling from the highest level in four months set the week before, a data released by the Labor Department unveiled on Thursday. The report showed that first-time jobless claims dropped by 42,000 from 388,000 to 346,000, while it was forecast to fall to 365,000.