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It's devastating' -- Jobs number will be bad, but the reality is actually much worse, warns the Fed's
(Market Watch) That’s the cautious view Minneapolis Federal Reserve Bank President Neel Kashkari shared on NBC’s Today Show in an interview ahead of Friday’s monthly employment report, which he says won’t give the clearest picture of job losses amid the coronavirus pandemic.
“That bad report tomorrow is actually going to understate how bad the damage has been,” Kashkari explained, adding that the reported unemployment rate could be as high as 17% — a brutal number, no doubt — but he says the true number may be as high as 24%. “It’s devastating.” .........(more)
https://www.marketwatch.com/story/its-devastating-the-jobs-number-will-be-bad-but-the-reality-is-actually-much-worse-warns-the-feds-neel-kashkari-2020-05-07?mod=home-page
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
He certainly wanted to.
"Who's unemployed? I don't know any unemployed people! Do you, Munchkin?"
"Actually, sir, I just foreclosed on a whole wrath of them..."
"Shut up, Steve! Rhetorical question!"
