The Labor Department released its weekly unemployment report on Thursday. It showed about 221,000 workers filed for unemployment benefits in the week ending on March 1st. Here is the official Labor Department statement:
In the week ending March 1, the advance figure for seasonally adjusted initial claims was 221,000, a decrease of 21,000 from the previous week's unrevised level of 242,000. The 4-week moving average was 224,250, an increase of 250 from the previous week's unrevised average of 224,000.
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