May 8, 2020

In what universe is 14.7% U3 unemployment good news?

Apparently, this one.  Fox Business shared the news earlier today, as Dow futures climbed.  Yes, 14.7% unemployment, considering how much has been shut down for social distancing purposes, is actually quite good.  The U6, the fuller picture of unemployment was 22%, also surprisingly low.

Looks like the president, and Americans are doing a good job helping America weather this COVID-19 storm.

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