Economic Indicators Up; Jobless Claims Fall

The index of leading U.S. economic indicators rose in November for the sixth month in seven. Initial jobless claims dropped to 353,000 last week, matching a three-year low.

The index by the New York-based Conference Board of how the economy will perform in the next three to six months rose 0.3% after a 0.5% rise in October. First-time claims for unemployment benefits fell 22,000 to match the last week of October, the lowest since January 2001, the Labor Department said.

From Bloomberg News