White House economist: Unemployment could hit 20% by June [CNNMoney.com]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: CNNMoney.com
White House economist: Unemployment could hit 20% by June New York (CNN Business) The White House is telling Americans to brace for a period of Great Depression-level unemployment this summer. Kevin Hassett, a senior economic adviser to President Donald Trump, warned Tuesday that the jobless rate in the United States could spike to between 16% and 20% by June. That would be a startling spike from current levels of 4.4% and would mark the highest unemployment since the 1930s . (Unemployment spiked at 25% in 1933, according to estimates from the US Bureau of Labor Statistics.) America is facing its first economic downturn since 2014 The economic numbers between May and July "will be as bad as anything we've ever seen," Hassett told CNN's Poppy Harlow. Beginning in March, the coronavirus pandemic crushed wide swaths of the American economy. Restaurants, movie theaters, theme parks and sports arenas have shut down completely. And it remains unclear if consumer
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MCO
News
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MCO
Earnings
- 10/23/25 - Beat
MCO
Sec Filings
- 12/5/25 - Form 4
- 12/3/25 - Form 144
- 12/2/25 - Form 4
- MCO's page on the SEC website