The Labor Department released its weekly unemployment statistics on Thursday. It shows that about 215,000 workers filed for unemployment benefits in the week ending on February 26th. This was a drop of 18,000 from the previous week.
Here is the official Labor Department statement:
In the week ending February 26, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 18,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 232,000 to 233,000. The 4-week moving average was 230,500, a decrease of 6,000 from the previous week's revised average. The previous week's average was revised up by 250 from 236,250 to 236,500.
