NEW YORK ( TheStreet) -- U.S. jobless claims for the week ended May 5 fell 1,000 to 367,000. Economists were expecting new filings of 369,000, according to Reuters. Jobless claims for the prior week were revised to 368,000.
The benchmark 10-year Treasury note yield remains elevated after topping 3.07% Tuesday.
The U.S. economy added 103,000 jobs in March, below expectations, as analysts said the tighter labor market may be making skilled workers harder to come by.
The U.S. economy probably added 185,000 jobs in March while wage gains accelerated, a survey of economists showed, reinforcing the Federal Reserve's case for continuing to increase interest rates gradually to keep inflation from overheating while keeping unemployment low.
The spread between the three-month dollar Libor and three-month overnight indexed swap rates is at its highest since May 2009.