Presidential elections are rising on Election Day with the highest unemployment rate since monthly tracking began in 1948.
Before President Barack Obama was re-elected in 2012, the nationwide unemployment rate was initially 7.9%, a smile revised to 7.8%.
In September, the nation was down 10.7 million jobs compared to February – before Kovid-19 hit and forced the country into lockdown.
Those who are no longer in the labor force, are no longer actively looking for work, are not responsible for the nation’s unemployment rate.
State-by-state numbers also hammer home that recovery remains uneven. For example, states dependent on hospitality and tourism businesses such as Hawaii and Nevada, which were hard hit by the crisis, still lag behind. The unemployment rate in Hawaii was 15.1% in September, while Nevada had the two worst rates in the country at 12.6%.
Meanwhile, Nebraska has the nation’s lowest rate of just 3.5%.