‘We’re Making Progress . . .’
. . . according to President Obama, on a bus tour a few miles from my home in Cleveland.
Today’s unemployment numbers give meaning to the president’s definition of progress: With the main unemployment rate remaining at 8.2 percent, the economy added just 80,000 jobs in June — below the level needed to absorb new entrants into the labor market. Black unemployment rose to 14.4 percent and the labor-force participation rate remains a dismal 63.8 percent. The unemployment rate has been above 8 percent for three and a half years.
Had Patton made progress at this rate, the Third Army would still be at Metz.