The data from the Labor Department revealed on Thursday the number of applications for unemployment drop last week to the lowest level since the U.S. economy went into lockdown made to fight the coronavirus pandemic, but still remained evaluated.

According to the report, the initial claims for unemployment benefits totaled 3,169,000 for the week ended May 2. That brings the number of job losses over the past seven weeks to more than 33 million.

Economists had expected 3,000,000 new claims last week.

Claims for the prior week were revised upwardly to 3,846,000 from the initial estimate of 3,839,000.

Meanwhile, the four-week moving average of claims fell to 4,173,500 from a revised 5,035,000 in the previous week.