During the worst of the shutdown of our nation’s economy at the front end of the pandemic, America’s elite media outlets were quick to tell us about the largest increase in unemployment in American history.
But they seem far less interested in telling us about the largest decrease in unemployment ever recorded since the recovery has begun.
As of this week the unemployment rate has dropped from a peak of almost 15 percent to about 8 ½ percent. That puts unemployment at levels which we saw during most of Obama’s first term. After the great recession of 2007-2009, it took three years for the labor markets to bounce back to the levels we see now—only three months into a recovery from the pandemic.
Policy matters, and pro-growth policies make a country much more resilient—even in the face of horrendous setbacks.