Kevin Hassett

The US unemployment rate for May 2020 (reported in June 2020) will exceed 20%.

“I'm looking for rates north of 20, sadly.”

Said on

10 May 2020 · CBS Face the Nation interview as White House senior economic adviser, after the April 2020 jobs report (14.7%).

Source

Transcript: Kevin Hassett discusses coronavirus and the economy on Face the Nation, May 10, 2020 · CBS News

Should come true

Jun 2020

How sure they sounded

I'm looking for; also said "I think will climb up towards 20 percent by next month"

Categories

EconomyHealth

Importance

3 of 5 · Forecast of the peak of US pandemic unemployment.

Outcome

Inaccurate Happened 5 June 2020.

BLS reported the May 2020 unemployment rate at 13.3 percent, down from April. BLS noted a misclassification that understated the rate by about 3 points, but even adjusted it stayed well below 20 percent.

Evidence:

• https://www.bls.gov/news.release/archives/empsit_06052020.htm