719,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly unemployment claims statistics on Thursday. It showed that 719,000 workers filed for unemployment benefits in the week ending on March 27th.

Here is the official statement from the Labor Department:

In the week ending March 27, the advance figure for seasonally adjusted initial claims was 719,000, an increase of 61,000 from the previous week's revised level. The previous week's level was revised down by 26,000 from 684,000 to 658,000. The 4-week moving average was 719,000, a decrease of 10,500 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised down by 6,500 from 736,000 to 729,500.