Trump White House adviser says unemployment rate could pass 20% during coronavirus pandemic

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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

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