Weekly initial jobless claims are out and it's a miss on two counts.
First, claims jumped to 372k, which was higher than the 360k economists were looking for.
Second, last week's number was revised up to 362k from a preliminary reading of 350k.
This caused the 4-week moving average to be revised up to 360,000 from last week's 359,750.
Source: Business Insider. Read full article. (link)