The Labor Department released its weekly unemployment report on Thursday. It showed that about 242,000 workers filed for unemployment benefits in the week ending on May 13th. Here is the official Labor Department statement:
In the week ending May 13, the advance figure for seasonally adjusted initial claims was 242,000, a decrease of 22,000 from the previous week's unrevised level of 264,000. The 4-week moving average was 244,250, a decrease of 1,000 from the previous week's unrevised average of 245,250.
