Another 373,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly unemployment statistics on Thursday. It showed that an additional 373,000 workers applied for unemployment benefits in the week ending on July 3rd. That number is still about 100,000 higher than it would be in a healthy economy. Things seem to be improving (as more Americans get vaccinated), but there is still a long way to go.

Here is the official Labor Department statement:

In the week ending July 3, the advance figure for seasonally adjusted initial claims was 373,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 364,000 to 371,000. The 4-week moving average was 394,500, a decrease of 250 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 2,000 from 392,750 to 394,750.