Over 1.3 Million Filed For Unemployment Last Week

The Labor Department has released it statistics for the number of people who claimed unemployment last week It shows that 1,314,000 workers filed for unemployment in the week ending on July 4th. That makes the 16th straight week where the number of new unemployment claims was un the millions.

Here is the official statement from the Labor Department:

In the week ending July 4, the advance figure for seasonally adjusted initial claims was 1,314,000, a decrease of 99,000 from the previous week's revised level. The previous week's level was revised down by 14,000 from 1,427,000 to 1,413,000. The 4-week moving average was 1,437,250, a decrease of 63,000 from the previous week's revised average. The previous week's average was revised down by 3,500 from 1,503,750 to 1,500,250.