WASHINGTON — Initial claims for U.S. state unemployment benefits dropped 9,000 to 365,000 during the week of May 17, while continuing claims held above three million, unchanged from the previous week, the Labor Department reported yesterday.

The comparable initial claims total for the April monthly employment report survey week was 375,000.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.