USA Today - Left Center Bias - Liberal - Progressive - Democrat - CredibleFactual Reporting: High - Credible - Reliable

Source: USA Today

White House economic adviser Kevin Hassett predicted Sunday the unemployment rate could rise above 20% and the worst job losses would come in “May or June” because of the coronavirus pandemic.

Hassett said jobs would “Trough” in May or June, and the unemployment rate would continue to rise because of the filing of unemployment claims.

The USA lost 20.5 million jobs in April, and the unemployment rate rose to 14.7%, both record-high numbers as the nation felt the economic effects of the coronavirus.

White House National Economic Council Director Larry Kudlow said Sunday that the country faces “Very difficult numbers,” but “There’s a glimmer of hope.”

Full Story @ USA Today

Share this:

By Media Bias Fact Check

Media Bias Fact Check was founded by Dave Van Zandt in 2015. Dave was a Communications major in college and over the years has focused on personal research in media bias and the role of media in politics. Dave is a registered Non-Affiliated voter who values evidence based reporting.

Leave a Reply