Another 364,000 Workers Filed For Unemployment Last Week

 

The Labor Department released its weekly unemployment statistics on Thursday. It showed that an additional 364,000 workers filed for unemployment benefits in the week ending on June 26th. That's the lowest figure since before the pandemic, but it still significantly higher than would be reported in a normal economy.

Here is the official statement from the Labor Department:

In the week ending June 26, the advance figure for seasonally adjusted initial claims was 364,000, a decrease of 51,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised up by 4,000 from 411,000 to 415,000. The 4-week moving average was 392,750, a decrease of 6,000 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 up by 1,000 from 397,750 to 398,750.