US Unemployment Rate Could Fall Further If CCP Virus Wanes: OECD Report

US jobs recovery hinges on avoiding second wave, OECD says

Peter Shamuelov (C) wears a protective mask as he gives a haircut to a customer at Ace of Cuts barbershop, in New York City, N.Y., on June 22, 2020. John Minchillo/AP Photo

Americans worked 15 percent less hours since the CCP virus crisis began, according to a new report. By comparison, during the first three months of the 2008 financial crisis, Americans worked just 1.7 percent less hours.

The Organisation for Economic Co-operation and Development (OECD)’s report also made employment projections based on two possible scenarios—one with and one without a second wave of CCP (Chinese Communist Party) virus infections in 2020.