Robert Reich, writing for The Guardian, weighs in on the fairy tale that our country is somehow “roaring back,” as Donald Trump characterized it when he hawked a report last week based on misleading unemployment statistics, numbers which were already woefully out of date at the time they were released:
The US economy isn’t roaring back. Just over half of Americans have jobs now, the lowest figure in more than 70 years. What’s roaring back is Covid-19. Until it’s tamed, the American economy doesn’t stand a chance.
As former Labor Secretary Reich notes, “The uptick in jobs in June was due almost entirely to the hasty reopening, which is now being reversed.” Continue reading.