The Labor Department released its weekly unemployment statistics on Thursday. It showed that about 248,000 workers filed for unemployment benefits in the week ending on February 12th. That's about 23,000 more than filed in the previous week.
Here is the official Labor Department statement:
In the week ending February 12, the advance figure for seasonally adjusted initial claims was 248,000, an increase of 23,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 223,000 to 225,000. The 4-week moving average was 243,250, a decrease of 10,500 from the previous week's revised average. The previous week's average was revised up by 500 from 253,250 to 253,750.
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