The U.S. Labor Department last week reported unemployment at 14.7%, with 20 million jobs lost in April. Administration economists warn US output may plummet at a 40% annual rate in the second quarter. Those staggering measures of economic suffering do not guarantee that President Donald Trump will meet the same one-term fate as Bush, who lost to Bill Clinton. But they underscore the uphill fight Trump faces, and explain his abrupt shift from coronavirus containment to economic reopening.
