WH Econ adviser Kevin Hassett to reporters this morning: “The unemployment rate is probably up around 19%. And those numbers are as startling as anything we’ve seen since the Great Depression.”

by

Reality is gonna be a tough pill to swallow for a lot of people in the coming months.

Unemployment in 2007-2009 took two years to get to 15m before a peak. We doubled that in 6 weeks to 30 million. Keep in mind many people won’t be getting their jobs back immediately when we reopen.

 

AC

Got a news tip or correction? Let us know

If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.

4 views