U.S. Jobless Claims Drop; Productivity Falls

May 3 (Bloomberg) -- U.S. jobless claims fell by 27,000 to 365,000, lower than forecast, in the week ended April 28 from a revised 392,000 the prior period, Labor Department figures showed today in Washington. Meanwhile, productivity fell at a 0.5 percent annual rate after a 1.2 percent gain in the prior three months. Michael McKee and Betty Liu report on Bloomberg Television's "In the Loop." (Source: Bloomberg)