Another 385,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly statistics on Thursday. It showed that another 385,000 workers filed for unemployment benefits in the week ending on July 31st. 

Here is the official statement from the Labor Department:

In the week ending July 31, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 14,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 400,000 to 399,000. The 4-week moving average was 394,000, a decrease of 250 from the previous week's revised average. The previous week's average was revised down by 250 from 394,500 to 394,250.