Another 712,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly statistics on unemployment on Thursday. It showed that an additional 712,000 workers filed for unemployment benefits in the week ending on March 6th.

Here is the official Labor Department statement:

In the week ending March 6, the advance figure for seasonally adjusted initial claims was 712,000, a decrease of 42,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 745,000 to 754,000. The 4-week moving average was 759,000, a decrease of 34,000 from the previous week's revised average. The previous week's average was revised up by 2,250 from 790,750 to 793,000.