The Labor Department released it statistics for new weekly unemployment claims on Thursday. It showed that another 870,000 workers filed to receive unemployment benefits. The recession continues.
Here is the official Labor Department statement:
In the week ending September 19, the advance figure for seasonally adjusted initial claims was 870,000, an increase of 4,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 860,000 to 866,000. The 4-week moving average was 878,250, a decrease of 35,250 from the previous week's revised average. The previous week's average was revised up by 1,500 from 912,000 to 913,500.