Another 1.48 Million Workers Filed For Unemployment

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.