Kudlow Expects Single Digit Unemployment Rate

White House economic adviser and the Director of the National Economic Council, Larry Kudlow, expects unemployment rate in the United States to fall below 10% in August.

Besides the single-digit unemployment rate, Kudlow says the U.S. economy growing in the third quarter (Q3) by 20%, Reuters reported.

“The key point that I would make is the economy is rebounding, it looks like a V-shaped recovery and the recent news now is even better than it was a month ago.”