Thursday, June 18, 2020

Unemployment Claims Rise Another 1.5 Million


Another week, more misery:
Three months into the coronavirus crisis, the U.S. economy is reopening and many Americans are going back to work. But hundreds of thousands are still being laid off.
About 1.5 million workers filed applications for unemployment insurance for the first time last week, the Labor Department said Thursday. That pushes the running tally of those who have made initial claims over the past 13 weeks past a mind-boggling 45 million. First-time claims are a reliable gauge of layoffs.  (our emphasis)
Once again, had we not had a sub- moron in the White House who placed his interests over those of the American people, much of this carnage could have been avoided.

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