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Is US unemployment rate heading for 20%?
The lockdowns being implemented in the US will upend the labour market. Its flexibility, which is normally an advantage, will facilitate the adjustments and cause new jobless claims to skyrocket. They were around 200,000 before the coronavirus shock; they could quickly number in the millions. There will be no valid historical comparisons. The scale could be that of the Great Depression, except the shock is expected to last a few weeks this time, not several years. The fiscal stim...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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