Another 411,000 Workers Filed For Unemployment Last Week

The Labor Department released their weekly unemployment statistics on Thursday. It showed that another 411,000 workers filed for unemployment benefits in the week ending on June 19th. It shows that the Trump recession (caused by ignoring the pandemic until it was too late) continues to hurt our economy.

Here is the official Labor Department statement:

In the week ending June 19, the advance figure for seasonally adjusted initial claims was 411,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 412,000 to 418,000. The 4-week moving average was 397,750, an increase of 1,500 from the previous week's revised average. The previous week's average was revised up by 1,250 from 395,000 to 396,250.