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Published on Mar 24, 2020
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Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter. What does that actually mean in terms of numbers of people? It turns out to be somewhere between 47 million and 61 million unemployed, which is 3X the number of people unemployed compared with The Great Depression.

● Resources:

https://www.bloomberg.com/news/articles/2020-03-22/fed-s-bullard-says-u-s-jobless-rate-may-soar-to-30-in-2q

https://www.google.com/search?q=what+is+current+us+unemployment+rate

https://www.google.com/search?q=total+adult+us+population&oq=total+adult+us+population

https://www.google.com/search?q=how+many+people+were+unemployed+during+the+great+depression

https://tradingeconomics.com/united-states/unemployment-rate

https://www.census.gov/quickfacts/fact/table/US#


Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.

#unemployment #depression #greatdepression #coronavirus #covid19 #bitcoin #btc #crypto #cryptocurrency #news #blockchain #tokens #coins #price

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