USA-Unemployment/May
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.
USA-Unemployment/May
Dateline : May 24, 2020/Recent/File
Location : United States
Duration : 1'52
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 19:52:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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