As painful as the Covid-19 economic fallout has been, the unemployment rate today is lower — and the average rate this year has been lower — than the average during the four years of former President Barack Obama’s first term, according to the Bureau of Labor Statistics. That is no defense of the current catastrophe — only an observation that the catastrophe is not a once-in-a-century occurrence but one to which Americans have become quite accustomed.
As painful as the Covid-19 economic fallout has been, the unemployment rate today is lower — and the average rate this year has been lower — than the average during the four years of former President Barack Obama’s first term, according to the Bureau of Labor Statistics. That is no defense of the current catastrophe — only an observation that the catastrophe is not a once-in-a-century occurrence but one to which Americans have become quite accustomed.
