'My numbers aren't rosy,' the treasury secretary responded.
Responding, Mnuchin asserted that he wasn't making"rosy" predictions, and that the large numbers represented real people who have been negatively impacted.
"So my predictions are based on what I see as the rate of reopening in a careful way," the secretary noted."It's also based upon my views, and I've personally heard from many of the doctors that have vaccines and virals in trials, and their expectations of being able to get a vaccine by the end of this year and having real viral treatment, the advent of testing.
The April jobs report from the Department of Labor, which was published on Friday, showed that the official unemployment rate has jumped by double-digits from its historic low of 3.5 percent in February to more than 14 percent. The report noted that more than 20 million jobs had been lost. Meanwhile, economists project that the actual unemployment rate is already north of 20 percent and could rise significantly higher.
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