The U.S. unemployment rate is likely to hit 16 per cent or higher in April, with the next few months looking “terrible,” White House economic advisor Kevin Hassett said on Sunday. U.S. Treasury Secretary Steve Mnuchin said he expected the economy to start improving shortly after the country comes out of lockdown, with a possible bounce back between July and September
Economy
Coronavirus outbreak: White House will see jobless rate hitting 16% or higher in April, economic advisor says
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