USA-Unemployment/May

US unemployment rate may hit as much as 20 percent: White House advisor

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Shotlist


FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
1. Various of White House, U.S. national flag

FILE: Miami, Florida, USA - Date Unknown (CGTN - No access Chinese mainland)
2. Notice reading "Unemployment Application"
3. Various of people lining up for unemployment benefits

Miami, Florida, United States - Recent (CGTN - No access Chinese mainland)
4. Various of closed stores
5. Empty shops
6. Various of clothes on display
7. Various of empty mall

New York City, USA - Recent (CGTN - No access Chinese mainland)
8. Various of empty street scenes in Times Square
9. Various of closed stores, pedestrians, vehicles

FILE: Seattle, Washington State, USA - March 4, 2020 (CCTV - No access Chinese mainland)
10. Bar, pedestrians

Washington D.C., USA - Recent (CGTN - No access Chinese mainland)
11. Various of empty bar, upturned bar stools on top of tables

New York City, USA - Recent (CGTN - No access Chinese mainland)
12. Various of man drinking beside waste bin

Storyline


The unemployment rate in the United States may surpass 20 percent in May, and it will be even worse for the next month, a senior U.S. economist said on Sunday.

In an interview with a local media, Kevin Hassett, the White House economic adviser, pointed out that the official unemployment rate is likely to hit 20 percent this month, and the number in June is expected to be even higher.

He added that the unemployment rate is expected to drop after June as the pandemic situation eases.

However, Hassett pointed out that the U.S. unemployment rate could remain at double-digit levels by at least November. It is highly unlikely that the country could return to full employment by fall.

Data from the U.S. Bureau of Labor Statistics showed that U.S. employers cut a staggering 38.90 million jobs in nine weeks before May 16 as the COVID-19 continues to ravage the economy. The unemployment rate soared to 14,7 percent in April, the highest since the Great Depression in the 1930s.

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  • ID : 8144218
  • Published : 2020-05-25 10:43
  • Last Modified : 2020-05-25 19:52:56
  • Location : United States
  • Category : economy, business and finance
  • Duration : 1'52
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 1
  • ID : 8144218
  • Published : 2020-05-25 16:13
  • Last Modified : 2020-05-25 19:52:56
  • Location : États-Unis
  • Category : economy, business and finance
  • Duration : 1'52
  • Audio Language : Nats/Partiellement muet
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Version : 1
  • ID : 8144218
  • Published : 2020-05-25 19:45
  • Last Modified : 2020-05-25 19:52:56
  • Location : Estados Unidos
  • Category : economy, business and finance
  • Duration : 1'52
  • Audio Language : Nats/Parte Muda
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Version : 1

USA-Unemployment/May

US unemployment rate may hit as much as 20 percent: White House advisor

Dateline : May 24, 2020/Recent/File

Location : United States

Duration : 1'52

  • English
  • Français
  • Español


FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
1. Various of White House, U.S. national flag

FILE: Miami, Florida, USA - Date Unknown (CGTN - No access Chinese mainland)
2. Notice reading "Unemployment Application"
3. Various of people lining up for unemployment benefits

Miami, Florida, United States - Recent (CGTN - No access Chinese mainland)
4. Various of closed stores
5. Empty shops
6. Various of clothes on display
7. Various of empty mall

New York City, USA - Recent (CGTN - No access Chinese mainland)
8. Various of empty street scenes in Times Square
9. Various of closed stores, pedestrians, vehicles

FILE: Seattle, Washington State, USA - March 4, 2020 (CCTV - No access Chinese mainland)
10. Bar, pedestrians

Washington D.C., USA - Recent (CGTN - No access Chinese mainland)
11. Various of empty bar, upturned bar stools on top of tables

New York City, USA - Recent (CGTN - No access Chinese mainland)
12. Various of man drinking beside waste bin


The unemployment rate in the United States may surpass 20 percent in May, and it will be even worse for the next month, a senior U.S. economist said on Sunday.

In an interview with a local media, Kevin Hassett, the White House economic adviser, pointed out that the official unemployment rate is likely to hit 20 percent this month, and the number in June is expected to be even higher.

He added that the unemployment rate is expected to drop after June as the pandemic situation eases.

However, Hassett pointed out that the U.S. unemployment rate could remain at double-digit levels by at least November. It is highly unlikely that the country could return to full employment by fall.

Data from the U.S. Bureau of Labor Statistics showed that U.S. employers cut a staggering 38.90 million jobs in nine weeks before May 16 as the COVID-19 continues to ravage the economy. The unemployment rate soared to 14,7 percent in April, the highest since the Great Depression in the 1930s.

ID : 8144218

Published : 2020-05-25 10:43

Last Modified : 2020-05-25 19:52:56

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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