Unemployment picture to darken even more before improving, Trump aides say.
ravaging the U.S. economy and joblessness reaching Depression-era heights, Treasury Secretary Steven Mnuchin acknowledged Sunday that things were “probably going to get worse before they get better,” but he predicted a rebound later in the year.
, the highest level since the 1940s. Mnuchin, interviewed on “Fox News Sunday,” was asked whether the country was looking at a “real” unemployment rate — including those who are underemployed — of 25%.“We could be,” he said, predicting a “very, very bad second quarter.” But the Treasury secretary said he expected improvement in the third and fourth quarters, and that “next year is going to be a great year.
Hassert said it was “scary to go to work” knowing the virus was present in the West Wing. The positive tests spurred three senior doctors on the White House coronavirus task force to protectively isolate themselves: the head of the Centers for Disease Control and Prevention, Robert Redfield; Food and Drug Administration Commissioner Stephen Hahn; and top infectious disease specialist Anthony Fauci, who said he would observe a “modified quarantine.
Other public health experts warned that the infection rate in the United States, now estimated at 5% to 15%, could eventually grow to 60% or 70%, with no plan in place to cope with cascading consequences. “We have not used the eight weeks as well as we could have, unfortunately,” said Shaman. “It would have benefited enormously from consistent messaging and a concerted, consolidated plan of attack for actually aggressively and proactively dealing with this virus.”
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