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Jobless Claims Drop More than Expected

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I'm Robert Gray with your Fox Business -- Jobless claims drop more than expected last week 365000.

People filing for first time benefits.

For the prior week was revised higher.

Outplacement firm challenger gray and Christmas as planned layoffs rose more than 7% in April from the prior month.

Meanwhile the average thirty year fixed rate mortgage touched a fresh record low this week Freddie Mac says rate fell to three point 84%.

However cheaper mortgage rates have done little to boost home sales.

And the Carlyle group is not making a big splash and it's Wall Street debut shares of the private equity firm opened mildly higher.

But only -- initial public offering price below its original range.

Still Carlisle is the biggest IPO so far this year.

And that is the latest from the Fox Business Network giving you the power to prosper.