U.S. unemployment to shoot up while GDP declines in second quarter: congressional estimators
April 02, 2020 at 15:58 PM EDT
The U.S. unemployment rate will shoot past 10% in the second quarter and the growth rate of gross domestic product will decline by more than 7% as the coronavirus crisis grips the U.S. economy, according to projections released by the Congressional Budget Office (CBO) on Thursday.