Unemployment numbers have been crushing this year due to COVID-19 crushing the economy. We all know when people are working, the economy hums for the most part. When people aren't working, the economy sputters like a rusty Model T.
During the CUNA Lending Council Conference, CUNA's Deputy Chief Advocacy Officer for Policy Analysis and Chief Economist Mike Schenk provided an in-depth presentation on the U.S. economic outlook. In this clip, Mike takes a deep dive in the unemployment numbers, what he sees happening in 2021 and why, and much, much more.