The Labor Department released its weekly unemployment report on Thursday. It showed that about 227,000 workers filed for unemployment benefits in the week ending on October 19th. Here is the official Labor Department statement:
In the week ending October 19, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 15,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 241,000 to 242,000. The 4-week moving average was 238,500, an increase of 2,000 from the previous week's revised average. The previous week's average was revised up by 250 from 236,250 to 236,500.
