Jobless Claims Jump to 372K

Rise of 10K from last week

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.