About 203,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly unemployment statistics on Thursday. It showed that about 203,000 workers filed for unemployment benefits in the week ending on May 7th. Here is the official Labor Department statement:

In the week ending May 7, the advance figure for seasonally adjusted initial claims was 203,000, an increase of 1,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 200,000 to 202,000. The 4-week moving average was 192,750, an increase of 4,250 from the previous week's revised average. The previous week's average was revised up by 500 from 188,000 to 188,500.