The Labor Department released its weekly unemployment report on Thursday. It showed that about 239,000 workers filed for unemployment benefits in the week ending on June 24th. Here is the official Labor Department statement:
In the week ending June 24, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 26,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 264,000 to 265,000. The 4-week moving average was 257,500, an increase of 1,500 from the previous week's revised average. This is the highest level for this average since November 13, 2021 when it was 260,000. The previous week's average was revised up by 250 from 255,750 to 256,000.
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