Thousands of needy families lined up to collect food items at a charity event in Everett, Massachusetts, Sunday, May 10.
READ MORE: The official U.S. unemployment rate linked to the coronavirus pandemic is already at 14.7%, but top White House officials said Sunday they expect it could reach 25% before the world’s biggest economy begins to improve.
“The reported numbers are probably going to get worse,” before improving in the second half of the year and into 2021, Treasury Secretary Steven Mnuchin told “Fox News Sunday.”
White House economic adviser Kevin Hassett told CBS News’s “Face the Nation” that he is expecting a jobless rate “north of 20,” with millions more laid-off workers filing for unemployment compensation in May and June.
The 14.7% rate announced Friday is the worst in the U.S. since the Great Depression in the 1930s, but Mnuchin said it is “no fault of American workers or business.
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