Senior White House economic adviser Kevin Hassett said that unemployment rates sparked by the novel coronavirus pandemic will start to trend downward in June, but could still be in double-digits this fall going into November.
Hassett said on CNN’s “State of the Union” Sunday morning that the US unemployment rate will be higher in June than May before starting to trend down, three months after the coronavirus crisis
US employment will likely be at “a number north of 20% in May,” Hassett said.
Host Dana Bash later asked Hassett if it was possible the unemployment rate could still be in the double digits in November, which the adviser said he did.
November coincides with the US general election, and high unemployment rates could spell trouble for President Donald Trump as he was banking on a strong economy to help his reelection campaign.