The total number of unemployment claims was 1.3 million, a level that's near a 50-year low.
Thursday's update showed the fifth straight week in which new claims topped 200,000 -- but the figures have still been below prepandemic levels.
The report also said the unemployment rate for last week was 0.9%.
Workers are seen at a construction site in New York City. Thursday's unemployment report showed that the U.S. labor market has been resilient in the face of rising inflation. File Photo by John Angelillo/UPI
"The 4-week moving average was 1,317,500, a decrease of 750 from the previous week's revised average," the department said in a statement. "This is the lowest level for this average since Jan. 10, 1970."
"The labor market is extremely tight and inflation is much too high," Fed Chairman Jerome Powell said on Wednesday. "Against this backdrop today, the Federal Open Market Committee raised its policy interest rate by .75% and anticipates ongoing increases to that rate will be appropriate."