Washington (CNN) Treasury Secretary Janet Yellen said Sunday the US could see full employment next year if Congress passes President Joe Biden's proposed stimulus package, but warned the country's unemployment rate would remain elevated over the next few years without the additional $1.9 trillion in federal support. "I would expect that if this package is passed that we would get back to full employment next year," Yellen told CNN's Jake Tapper on "State of the Union." "It would take (until) 2025 in order to get the unemployment rate down to 4% again." Lawmakers are under pressure to pass a relief package as Americans continue to suffer financially amid the pandemic's economic fallout. Full employment does not mean the unemployment rate is at zero, but, instead, generally that employers have hired as many qualified professionals as they need.

Source: CNN February 07, 2021 14:59 UTC