The Labor Department released its weekly unemployment statistics on Thursday. It showed that another 332,000 workers filed for unemployment benefits in the week ending on September. That's an increase of about 20,000 over the previous week. It shows the pandemic is still seriously affecting the economy.
Here is the official Labor Department statement:
In the week ending September 11, the advance figure for seasonally adjusted initial claims was 332,000, an increase of 20,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 310,000 to 312,000. The 4-week moving average was 335,750, a decrease of 4,250 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised up by 500 from 339,500 to 340,000.
