Jobless Rate at 14.7%, Worst Since Great Depression | Beaufort County Now

Democrats are making the problem worse by keeping states closed. john locke foundation, jobless rates, great depression, may 8, 2020
Coronavirus Disease 2019 (COVID-19)

Jobless Rate at 14.7%, Worst Since Great Depression

Publisher's note: This post appears here courtesy of the LifeZette, and written by Polizette Staff.

    U.S. government statistics put the current American unemployment rate at 14.7%, the worst job numbers since the Great Depression of the 1930s. The economy shed over 20 million jobs in April.

    Obviously caused by the coronavirus crisis, Democrats will jump on this as proof of the president's alleged economic incompetence and laxity in preparing the nation for the virus. This is a similar message to the one they used in almost blaming hapless George W. Bush for Hurricane Katrina, a phenomenon also out of his control. The difference in this case is: Donald Trump fights back.

    These serious economic numbers further make the case for bringing the economy back to business. But in state after state, Michigan being a prime example, liberal Democrat governors extend state lockdowns because they enjoy and want to preserve the greatly enhanced state power that the lockdowns give them.

    The 14.7 rate is a second quarter number. President Trump cautioned previously these stats would be bad. However, he is looking forward to third and fourth quarter numbers that should be much better. For his reelection hopes, one hopes he is correct.




Comment

( May 9th, 2020 @ 9:10 am )
 
Never has this nation destroyed its perfectly functioning economy over a disease; not even the Spanish Flu in 1918 that was far more devastating than the Coronavirus. It must never happen again.



Five Republican Senators Who Voted Against Trump Guest Editorial, Editorials, Op-Ed & Politics ‘Probable Cause Was Clear’ in Arbery Shooting: New Team Had Warrants After 36 Hours With File

HbAD0

 
Back to Top