Another 787K Workers Filed For Unemployment Last Week

The Labor Department released its statistics on the number of workers filing for unemployment on Thursday for the week ending on October 17th. It showed another 787,000 workers filed for unemployment benefits.

Here is the official Labor Department announcement:

In the week ending October 17, the advance figure for seasonally adjusted initial claims was 787,000, a decrease of 55,000 from the previous week's revised level. The previous week's level was revised down by 56,000 from 898,000 to 842,000. The 4-week moving average was 811,250, a decrease of 21,500 from the previous week's revised average. The previous week's average was revised down by 33,500 from 866,250 to 832,750.