As US Economy Tanks, Study Finds Unemployment Numbers Likely Double Official Figure

As COVID-19 rips through the United States, a record 26.5 million Americans have filed for jobless benefits since mid-March alone; numbers not seen since the height of the Great Depression. Tens of millions have been laid off, furloughed, or seen business dry up in a matter of weeks. “Prepare yourself,” said a worried Kevin Hasset, senior economic advisor to President Donald Trump, claiming that the economy “will be as bad as anything we’ve ever seen,” and predicting we will soon see unemployment levels of 20 percent and a 40 percent collapse in GDP.

Read more here at Mint Press News

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