White House Economic Adviser: Unemployment Rate Could Be ‘Double Digits’ in Fall

Rate might be above 20 percent in May

Kevin Hassett, Chairman of the Council of Economic Advisers speaks during a press briefing at the White House in Washington on Sept. 10, 2018. Samira Bouaou/The Epoch Times

White House economic adviser Kevin Hassett said high unemployment rates triggered by the CCP virus pandemic could stay in the “double digits” until the election in November.

Hassett said he thinks the joblessness rate could rise above 20 percent sometime this month, adding that it might not drop to single digits until the end of the year.