x

Editorial

The Good News on Unemployment – For Now

Finally, there is some positive news: the U.S. economy added 4.8 million jobs in June, reducing unemployment to 11.1%.

Let's not underestimate the importance of this, as I see some major American media outlets doing. This is an important development. These are millions of human lives that can breathe again.

Agreed, an unemployment rate of 11.1% is still at the levels of the Great Depression. It is unacceptable.

Agreed, tens of millions of people are still unemployed as a result of the storm of the Coronavirus that swept everything away.

However, one should not look at this situation with political eyes only – because this transcends politics. Objectively speaking, June was a good month given the current circumstances.

But the unemployment rate will not continue to go down this month. In July, the unemployment rate will rise again.

And the reason for this is that coronavirus cases are rising. On July 1, there were 50,000 new Coronavirus cases in the U.S. – more than ever!!! This is causing a pause in the lifting of measures and the opening of the economy in many states. This will increase unemployment again.

And, unfortunately, one area that is particularly hard hit by these measures is the food industry, the branch of the economy in which many Greek-Americans work, as is well-known: restaurants, coffee shops, Greek food importers, etc.

The impact on them is particularly negative. How long can this industry afford to stay closed? How long can our people, staff and owners, hold out?

Some of them have found various creative ways to work: with take-out orders and setting up tables on the sidewalks.

That's something. But it’s not enough. That's not how wages, rents, and profits are generated.

And now, several governors, including the governor of New York, are saying that because of the escalation of Coronavirus infections in other states, many restaurants will not be able to serve inside their premises in the foreseeable future as planned

That will cause a lot of pain.

It is certainly very difficult to balance the economic damage on the one hand with the need to protect the health of the citizens on the other.

And, of course, the impact on our community will be significant.

Our people will find it difficult to maintain all the institutions – the Church, etc. – that they support

It is unbelievable that America is in this situation. It is unfathomable that before the first phase of the pandemic was over, we entered into another, even worse period.

Obviously our government did not do its job well.

It put ‘the cart before the horse’ – politics before public health.

That's why we are paying a very high price.

So let's hope a drug, or even better, a vaccine is found as soon as possible.

To get us out of this nightmare.

RELATED

For years Greece has been oft-overlooked – considered a not-serious yet beautiful country.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Woman Fatally Shot while Pushing Stroller on Upper East Side

NEW YORK — A 20-year-old woman was fatally shot Wednesday night while she pushed her infant daughter in a stroller on the Upper East Side, police said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.