Peak unemployment during that period just after the 2008 financial crisis was still just under 10%, and it has been steadily decreasing since then.
It's not exactly nothing and it sucks if you are one of the unemployed but an unemployment ratio between 5 and 10% is actually not all that bad.
Significant unemployment were 2009, 2010 and before that 1982. By 2013 unemployment in the US was already back down below 7%, historically speaking nothing special, somewhere between 3 and 7% is fairly normal.
https://www.thebalance.com/unemployment-rate-by-year-3305506
Peak unemployment during that period just after the 2008 financial crisis was still just under 10%, and it has been steadily decreasing since then.
It's not exactly nothing and it sucks if you are one of the unemployed but an unemployment ratio between 5 and 10% is actually not all that bad.
Significant unemployment were 2009, 2010 and before that 1982. By 2013 unemployment in the US was already back down below 7%, historically speaking nothing special, somewhere between 3 and 7% is fairly normal.