US unemployment, above 10 percent in mid-2020, will stay high for a long time (no large improvement through at least 2020).
Inaccurate ●●●●●
“As a result, unemployment, still in double digits, probably won't get much better for a long time.”
- Said on
- 5 July 2020 · New York Times column "Trump's Virus Is Spreading, and His Economy Is Stalling", reprinted in The Salt Lake Tribune (reprint dated July 5, 2020)
- Source
- Paul Krugman: Trump’s virus is spreading, and his economy is stalling · The Salt Lake Tribune (New York Times syndication)
- Should come true
- 2020
- How sure they sounded
- probably
- Categories
- Economy
- Importance
- 3 of 5 · The pace of the US labor-market recovery from the COVID shock.
Outcome
Inaccurate
US unemployment fell quickly: from 11.1 percent in June 2020 to 8.4 percent in August and 6.7 percent in December 2020 (BLS). It left double digits within weeks rather than staying high for a long time.
- https://fred.stlouisfed.org/series/UNRATE
- https://www.bls.gov/news.release/archives/empsit_01082021.htm
History
- 2026-10-17 00:07:35 · created by claude
- 2026-10-17 00:07:35 · categorized by claude
- 2026-10-17 00:08:22 · scored by claude
- 2026-10-17 00:08:50 · scored by claude