Barkin: Unemployment Situation is Complicated

President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Tuesday that unemployment in the United States could increase once again during the recovery from the COVID-19 crisis, with the market trying to adjust to a recession longer than previously expected, Reuters reported.

“There is a complicated brew of what’s happening on unemployment.”

“A bunch of companies large and small are realizing this is not a two-month issue and recasting their business.”