The Labor Department released its weekly unemployment statistics on Thursday. It showed that about 251,000 workers filed for unemployment benefits in the week ending on July 16th.
Here is the official Labor Department statement:
In the week ending July 16, the advance figure for seasonally adjusted initial claims was 251,000, an increase of 7,000 from the previous week's unrevised level of 244,000. The 4-week moving average was 240,500, an increase of 4,500 from the previous week's revised average. The previous week's average was revised up by 250 from 235,750 to 236,000.
