Trump could face re-election with jobless over 10%, aide says

[Yo_Mama_Been_Loggin]

White House economic adviser Kevin Hassett said the U.S. unemployment rate could peak at more than 20% in May and may still be in the double digits around the time of the presidential election in November.

While jobless data are a lagging indicator, business activity is already close to an "inflection point" toward recovery, Hassett said on CNN's "State of the Union" on Sunday.

The job market, as shown by unemployment figures, is "probably about a month away" from that point.

The insured unemployment rate, or the number of people currently receiving unemployment insurance as a share of the total eligible labor market, rose to 17.2% in the week ended May 9, according to the latest Labor Department report.

https://finance.yahoo.com/m/a6a42f37-fbe9-3082-a638-110ce3920e2d/ss_trump-could-face-re-election.html

[BannonsLiver]

1. That is a lock at this point

[SoonerPride]

2. I'm betting in excess of 20% unemployment in November

Maybe 30%.

It wouldn’t surprise me in the least

[The Velveteen Ocelot]

3. Whistling past the graveyard, Kevin?

This is the same asshole that referred to American workers - that would be us - as "human capital stock." Farm animals, in other words.

Fuck him.

[Groundhawg]

4. Much higher than 10% I'll bet

[abqtommy]

5. I'm still trying to figure out how tRUMP could be "re-elected" when he's never been elected

in the first place...

[DFW]

6. He asked Karl Rove for an instruction manual............ n/t

[crickets]

7. K&R for visibility.