The Labor Department has released its statistics for last week. It showed that in the week ending on November 7th, another 709,000 workers filed for unemployment benefits. That's still more than three times the number that were filing weekly before the recession began.
Here is the official Labor Department statement:
In the week ending November 7, the advance figure for seasonally adjusted initial claims was 709,000, a decrease of 48,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 751,000 to 757,000. The 4-week moving average was 755,250, a decrease of 33,250 from the previous week's revised average. The previous week's average was revised up by 1,500 from 787,000 to 788,500.
