The Labor Department released its statistics on the weekly unemployment claims filed. It showed another 1,186,000 workers filed a claim for unemployment benefits in the week ending August 1st. That marks the twentieth week in a row that more than a million workers filed for unemployment.
Here is the official Labor Department announcement:
In the week ending August 1, the advance figure for seasonally adjusted initial claims was 1,186,000, a decrease of 249,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 1,434,000 to 1,435,000. The 4-week moving average was 1,337,750, a decrease of 31,000 from the previous week's revised average. The previous week's average was revised up by 250 from 1,368,500 to 1,368,750.
