The U.S. unemployment rate could still be in double digits in November as a result of the coronavirus pandemic, according to White House senior advisor Kevin Hassett.
The unemployment rate rose to 14.7% in April, with more than 38 million people filing unemployment claims since Mid-March when the outbreak forced national shutdowns.
Hassett told CNN’s Dana Bash that there would be other promising signs of economic improvement, as unemployment numbers may move slower than other indicators. But he said the unemployment rate is likely headed north of 20% in the month of May.
“The unemployment rate will be higher in June than in May, but then after that it should start to trend down,” Hassett said.
