About 198,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly unemployment report on Thursday. It showed that about 198,000 workers filed for unemployment benefits in the week ending on October 14th. Here is the official Labor Department statement:

In the week ending October 14, the advance figure for seasonally adjusted initial claims was 198,000, a decrease of 13,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 209,000 to 211,000. The 4-week moving average was 205,750, a decrease of 1,000 from the previous week's revised average. The previous week's average was revised up by 500 from 206,250 to 206,750.