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Without a stimulus, unemployment could stay high for a decade

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The US unemployment rate may not reach pre-pandemic levels for the rest of the decade without additional stimulus from the federal government, according to projections from the nonpartisan Congressional Budget Office (CBO). 

As Insider’s Joseph Zeballos-Roig reported, that analysis sees the unemployment rate falling to 5.7% this year, and 5% in 2022. It’s projected to hit 4% around 2025. In February 2020, before the economic shock from the coronavirus pandemic, the unemployment rate was 3.5%. 

Overall, the CBO projects that the total number of details ⇒

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