Trump senior economic adviser: unemployment could pass 20% by June - Business Insider

US employment will likely be at "a number north of 20% in May," Hassett said.

Host Dana Bash later asked Hassett if it was possible the unemployment rate could still be in the double digits in November, which the adviser said he did. He continued: "You're going to be starting at a number in the 20s and working your way down and so, of course, you could still not be back to full employment by September or October."

"If there were a vaccine in July, then I'd be way more optimistic about it," he added, referencing how consumer activity and markets have been shaken by the pandemic.

Economic and Social Costs of 'Reopening'​ America

Unemployeds do not vote.

incidentally, that seems to be the most optimistic scenario

The government this going to have to provide incentives to businesses to expand their workforce with subsidies. They are also going to have to incentivise people to get back into work by possibly reducing the level of benefits. COVIDー19

Such a shame the Dems did it on purpose for political BS. TRUMP2020

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GOP threat to end $600 unemployment boost would be disaster for US economy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

3 lessons from LGBTQ seniors to help guide you through this pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Michigan Attorney General Dana Nessel calls Trump 'petulant child' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Trump is right. so what? you wanna arrest him? So funny watching you mentally challenged DUMBOcrats go lower and lower and thoroughly embarrass yourselves- TDS is contagious- WHO says it may be worse then China Flu- WATCH OUT- BUT should subside after 7 more glorious years of Donnie- ENJOY. Can not make up this much STUPID?
Source: BusinessInsider - 🏆 729. / 51 Read more »