Professor Jack Rasmus Speaks to KPIX-5 About the Economic Recession

Professor Jack RasmusEconomics and Politics Professor Jack Rasmus weighed in on whether the country is headed for a depression from COVID-19. 

OAKLAND (KPIX 5) — With new unemployment figures showing 20 million American jobs lost in the month of April alone, KPIX 5 asked two Bay Area experts to explain where the U.S. could be headed at this historic economic moment in time.

“We are definitely in a great recession,” said Dr. Jack Rasmus, a professor at St. Mary’s College. He added that it does not quite fit the criteria of a depression. Watch More.

Date of Mention: 
Sunday, May 10, 2020