The data from the Labor Department revealed on Thursday the number of applications for unemployment rose more than forecast last week, as the CVID-19 pandemic continues to pressure the U.S. economy.

According to the report, the initial claims for unemployment benefits totaled 1,427,000 for the week ended June 27. That brought the number of job losses over the past fifteen weeks (since the U.S. went into coronavirus lockdown in mid-March) to nearly 48.7 million.

Economists had expected 1,355,000 new claims last week.

Claims for the prior week were revised upwardly to 1,482,000 from the initial estimate of 1,480,000.

Meanwhile, the four-week moving average of claims fell to 1,503,750 from an upwardly revised 1,621,250 in the previous week.

Continuing claims increased to 19,290,000 million from a downwardly revised 19,231,000 in the previous week.