About 222,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly unemployment report on Thursday. It showed that about 222,000 workers filed for unemployment benefits in the week ending on May 11th. Here is the official Labor Department statement:

In the week ending May 11, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 231,000 to 232,000. The 4-week moving average was 217,750...