The Labor Department released its weekly unemployment statistics on Thursday. It showed that about 260,000 workers filed for unemployment benefits in the week ending on January 22nd. That's about 30,000 less than filed in the previous week.
Here is the official statement from the Labor Department:
In the week ending January 22, the advance figure for seasonally adjusted initial claims was 260,000, a decrease of 30,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 286,000 to 290,000. The 4-week moving average was 247,000, an increase of 15,000 from the previous week's revised average. The previous week's average was revised up by 1,000 from 231,000 to 232,000.
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