Fed officials expect unemployment rate to spike to a high level

<p>Richmond Fed President Thomas Barkin said yesterday that unemployment rate could hit double digits. He pointed to the 30 million people working in hospitality, retail, retail and entertainment, which makes up around 20% of total workforce. Shutting down of these industries could lead jobless rate to mid-to-high teens. And, &#8220;We&#8217;re going to have a tough [&#8230;]</p>
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