The Labor Department released its weekly unemployment statistics on Thursday. It showed that about 166,000 workers filed for unemployment benefits in the week ending on April 2nd. That's the lowest figure in several decades.
Here is the official Labor Department statement:
In the week ending April 2, the advance figure for seasonally adjusted initial claims was 166,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised down by 31,000 from 202,000 to 171,000. The 4-week moving average was 170,000, a decrease of 8,000 from the previous week's revised average. The previous week's average was revised down by 30,500 from 208,500 to 178,000.
