The unemployment situation in the United States continues to grow worse. Another 1,480,000 workers filed an unemployment claim in the week ending June 20th. That makes 14 weeks in a row that unemployment claims have topped a million, and most of those weeks were several million. Trump said the economy would quickly bounce back -- but that is not happening.
Here is the official Labor Department announcement:
In the week ending June 20, the advance figure for seasonally adjusted initial claims was 1,480,000, a decrease of 60,000 from the previous week's revised level. The previous week's level was revised up by 32,000 from 1,508,000 to 1,540,000. The 4-week moving average was 1,620,750, a decrease of 160,750 from the previous week's revised average. The previous week's average was revised up by 8,000 from 1,773,500 to 1,781,500.
