Why Congress' own economists predict 15 million unemployed in 2021

Why Congress' own economists predict 15 million unemployed in 2021

While President Donald Trump says the economy will take off like a rocket when social-distancing guidelines end, the Congressional Budget Office estimates an unemployment rate of 9 at the end of 2021. In fact, economists think the US might already be at 15 unemployment. With parts of the economy like restaurants, sporting events, movie theaters, and concerts unlikely to be able to go back to 100 capacity for months or longer, it may be hard to bring the unemployment level back down to full employment rapidly.


User: Business Insider

Views: 21

Uploaded: 2020-05-06

Duration: 07:22

Your Page Title