Don’t be fooled by the big jobs number in Thursday’s employment report — a number that still left us down almost 15 million jobs from February. The report was a snapshot of the economy during the “reference period,” basically the second week of June. That is, we’re in worse shape, even economically, than we would have been if Trump and his allies had taken the pandemic seriously early on. The really frightening aspect about where we are is that Trump and his people don’t seem to have learned anything from their coronavirus debacle. — Trump insisted, as he has at every stage of the pandemic, that the coronavirus will “sort of just disappear.”

Source: New York Times July 02, 2020 20:03 UTC