1.877 Million Workers Filed For Unemployment Last Week

The Labor Department released its statistics on weekly unemployment claims yesterday. It showed that about 1,877,000 workers filed an unemployment claim in the week ending on May 30th. That brings the total of new unemployment claims to 42,626,000 in the last 11 weeks -- about 27% of the civilian work force (156,481,000).

Here is the official announcement from the Labor Department.

In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 2,123,000 to 2,126,000. The 4-week moving average was 2,284,000, a decrease of 324,750 from the previous week's revised average. The previous week's average was revised up by 750 from 2,608,000 to 2,608,750.