3 Reasons Unemployment Could Stay High Through the End of 2020
In April, the U.S. jobless rate hit 14.7% -- the highest it's been since the Great Depression. May's numbers initially seemed more encouraging, dipping to 13.3%. But a deeper dive into that May data reveals that unemployment that month may have been underreported, and that the true jobless rate could really be closer to 16.3% -- an uptick from April.
Still, as the economy opens up, many are hopeful that the jobless rate will slowly but surely decline so that it looks much less scary by the end of the year. But here are three reasons why we may be looking at double-digit unemployment well into 2021.
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Source Fool.com
