Nearly 800,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly unemployment statistics on Thursday. It showed that another 792,000 workers had filed for unemployment benefits in the week ending on February 6th. The recession continues unabated as the nation struggles to get its citizens vaccinated and to get the Coronavirus under control.

Here is the official statement from the Labor Department:

In the week ending February 6, the advance figure for seasonally adjusted initial claims was 793,000, a decrease of 19,000 from the previous week's revised level. The previous week's level was revised up by 33,000 from 779,000 to 812,000. The 4-week moving average was 823,000, a decrease of 33,500 from the previous week's revised average. The previous week's average was revised up by 8,250 from 848,250 to 856,500.