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Initial jobless claims fell last week to the lowest level in a month, the Labor Department said Thursday.

Claims fell 27,000 for the week ended Saturday to 365,000.

Economists had forecast a drop to 379,000, from 388,000 originally reported the previous week, Bloomberg reported.

The four-week moving average, a less volatile measure, rose to 383,500, from 382,750.

Continuing jobless claims for the previous week ended April 21 rose to 3.28 million, from 3.33 million.