Unemployment rate 'undoubtedly' higher than 10.2%: Fed's Evans
Trump announces plans to extend unemployment benefits, payroll tax cut to the end of 2020
President Donald Trump provides an update on his administration’s coronavirus response and the economy.
The unemployment rate is "undoubtedly" higher than the 10.2% reported for July, Chicago Federal Reserve President Charles Evans said on Sunday.
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"It doesn't capture all the people who'd really like to work and somehow don't fill out the surveys right," Evans told "Face the Nation." "I think there's a percentage point discrepancy. … We are down 12.9 million jobs since February."
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Evans pointed out that different racial groups are experiencing varied unemployment rates amid the coronavirus pandemic.
"There's a huge amount of inequality. … Black unemployment is over 14%," Evans said. "Hispanic unemployment is over 12%. White unemployment is 9%. So that inequality gap has persisted."
Labor Secretary Eugene Scalia touted the 10.2% unemployment rate on "Your World" on Friday.