The White House is telling Americans to brace for a period of Great Depression-level unemployment this summer. Kevin Hassett, a senior economic adviser to President Trump, warns that the jobless rate in the US could spike to between 16% and 20% by June.
New York The White House is telling Americans to brace for a period of Great Depression-level unemployment this summer.
Kevin Hassett, a senior economic adviser to President Donald Trump, warned Tuesday that the jobless rate in the United States could spike to between 16% and 20% by June. That would be a startling spike from current levels of 4.4% and would mark the highest unemployment since the 1930s. America is facing its first economic downturn since 2014The economic numbers between May and July"will be as bad as anything we've ever seen," Hassett told CNN's Poppy Harlow.
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