The U.S. ‘headline’ (i.e., for all job categories and seasonally adjusted) unemployment rate is currently 6.2% and it would be easy to pass that level off as not so bad, given all that has transpired. After all, the monthly figure was similarly high as recently as in 2014, not so long ago. In 2013, the monthly jobless rate averaged 7.4% and while there was a degree of consternation expressed at the time, everyone simply got on with business as usual.

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