The Labor Department released its weekly unemployment statistics on Thursday. It showed that another 326,000 workers filed for unemployment benefits in the week ending on October 2nd. That's a decrease over numbers for the last three weeks, but still above normal.
Here's the official statement from the Labor Department:
In the week ending October 2, the advance figure for seasonally adjusted initial claims was 326,000, a decrease of 38,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 362,000 to 364,000. The 4-week moving average was 344,000, an increase of 3,500 from the previous week's revised average. The previous week's average was revised up by 500 from 340,000 to 340,500.
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