Note -- Silvrback has alerted me that the RSS notification did not go out on yesterday's post on Michigan's governor and her critics (including the Wheeling News-Register). See the next post down.
The big picture from the Washington Post’s Greg Sargent
Comparing American and European unemployment rates
America’s unemployment rate is at 14.7%. CNBC suggests that the actual rate is much higher:
The real unemployment rate, which includes people who are not looking for work or are underemployed, already stands at 22.8%, according to the Bureau of Labor Statistics. Mnuchin acknowledged that the jobless rate may be even higher and stand at 25%, comparable to the Great Depression, when pressed on the issue by Wallace who pointed out that April’s unemployment report stopped in the middle of the month.
What about Europe? From Statista:
Unemployment across the whole of the European Union is expected to rise to nine percent in 2020, in the wake of the Coronavirus pandemic and subsequent lockdowns enforced by national governments.
A comparison by Foreign Policy describes how "nearly all European countries are reimbursing workers’ incomes directly through their employers at levels from about 60 to 90 percent of wages." (They are still working.) A group of Democratic senators have introduced a similar plan for America. As Bernie Sanders explains: