The Labor Department released its weekly unemployment report on Thursday. It showed that 228,000 workers filed for unemployment benefits in the week ending on May 3rd. Here is the official Labor Department statement:
In the week ending May 3, the advance figure for seasonally adjusted initial claims was 228,000, a decrease of 13,000 from the previous week's unrevised level of 241,000. The 4-week moving average was 227,000, an increase of 1,000 from the previous week's unrevised average of 226,000.
