WASHINGTON, April 26 – RIA Novosti. The US unemployment rate may reach the level of the great depression, suggested White house senior adviser Kevin Hassett.
“the Situation is very serious. It is the largest negative shock which has ever faced our economy. We will see the unemployment rate approaching the level we saw during the great depression,” he said Hassett in an interview with ABC.
the highest rate of unemployment during the great depression occurred in 1933, when it reached 25%. From 1931 to 1940 unemployment remained above 14%. Since then, unemployment has only twice exceeded 10% in 1982 and 2009.
meanwhile, in March-February 2020 applications for unemployment benefits filed 26 million Americans.
the congressional Budget office predicts that unemployment from 3.8% in the first quarter of 2020 will be 14% in the second quarter, 16% in the third quarter and will be reduced by the end of 2021 to 10.1%.