Another 1.5 million Americans applied for unemployment benefits for the week ending June 13, an elevated number that, while marginally down from the previous week, suggests the road to economic recovery is likely to be long.
The Labor Department’s weekly jobless claims report (pdf) released June 18, shows that 1.508 million American workers filed initial jobless claims for the week ending June 13. That’s down by 58,000 from an upwardly revised 1.566 million in the prior week.
