About 247,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly unemployment report on Thursday. It showed about 247,000 workers filed for unemployment benefits in the week ending on May 31st. Here is the official Labor Department statement:

In the week ending May 31, the advance figure for seasonally adjusted initial claims was 247,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 240,000 to 239,000. The 4-week moving average was 235,000, an increase of 4,500 from the previous week's revised average. The previous week's average was revised down by 250 from 230,750 to 230,500.