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Originally Posted by Discuss Thrower
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Dude, it doesn't say that AT ALL.
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The economists created three possible unemployment rate scenarios. One assumes a hiring pace similar to that in other recoveries and shows a slow return to pre-pandemic job levels, with the unemployment rate staying above 10% at the beginning of next year. Another shows growth bouncing back in the second half of this year and staying strong in 2021, resulting in a much quicker drop in the jobless rate.
The most optimistic case assumes strong hiring following an end to coronavirus restrictions in July, with hiring rates returning to pre-outbreak levels by the end of the third quarter. It would require 9 million hires per month in July, August and September, a rate nearly four times that of the most robust period following the 2008 financial crisis.
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