Larry Summers

The US unemployment rate will rise toward 6% in a recession during 2023.

Inaccurate ●●●●●
“The unemployment is likely to rise towards 6%”
Said on
20 October 2022 · CNN The Situation Room interview; he said a recession next year was substantially more likely than not
Source
Former Treasury Secretary Larry Summers says chance of recession next year is 'substantial' · CNN Business (via ABC17 News)
Should come true
2023
How sure they sounded
likely
Categories
Economy
Importance
3 of 5 · A jump in US unemployment would affect millions of workers nationally.

Outcome

Inaccurate

US unemployment peaked at 3.9% in 2023 and has not gone above 4.5% since (BLS). It never approached 6%, and no recession occurred (NBER).

Evidence:

History
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