Home / Market Update / Forex Market / Barkin: Unemployment Situation is Complicated

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.”

Check Also

USD/CAD Hovers Near 1.3800 Amid Trump’s Tariff Shift

The USD/CAD currency pair is trading steadily around the 1.3800 level during Wednesday’s North American …