2.1 Million Unemployment Claims Push Total Past 40 Million

2.1 Million Unemployment Claims Push Total Past 40 Million

More than 40 million people — the equivalent of one out of every four American workers — have filed for unemployment benefits since the coronavirus pandemic grabbed hold in mid-March, the government reported on Thursday, an astounding tally that rivals the bleakest years of the Great Depression. The latest batch of claims — the 2.1 […]

Unemployment rate could hit 23%: Kevin Hassett

Unemployment rate could hit 23%: Kevin Hassett

Kevin Hassett, a senior White House economic adviser, told CNN’s Poppy Harlow Friday morning that he thinks the unemployment rate, which hit 14.7% in April, may rise to 22% to 23% by May and edge up a bit in June before heading lower. “June will be...