Good news on the economy
June 11, 2020
First it was the public health experts whose projections were wrong about COVID-19. They predicted far more spread of the disease, and death from it, than we have actually experienced. They also predicted that those states which opened up before others would have a widespread breakout and a spike of hospitalization, and that hasn’t happened either.
Then, on Friday, the unemployment numbers for May were released by the Federal Bureau of Labor Statistics. Economists predicted that the report would show another 7 million people lost their jobs in May and that the unemployment rate approac...