Trump Economic Line warns that “the lowest point of unemployment has not yet been reached”

Check-in 2020.05.11 06:35

There are warnings that the unemployment crisis in the United States will intensify as a result of the new coronavirus infection (Corona19). Key Donald Trump officials predict the economy will rebound as early as the third quarter, but the unemployment rate in the 20% range from this month to next month could become a reality.

“The unemployment rate in April rose to 14.7%, but it was not because of the poor US economy, but because it closed, so it was high,” US Treasury Secretary Stephen said on September 10. Manusin. It will probably get worse. “In particular, he said the economy would deteriorate significantly in the second quarter.

Larry Cuddle, chairman of the White House National Economic Committee (NEC), said in an interview broadcast on ABC that “the job numbers for April are bad. I don’t want to hand out candy.” He said that even if the United States resumes economic activity, it will take some time.

White House economic adviser Kevin Hassit appeared on CBS Broadcasting and said, “The job will see a minimum in May or June.” The unemployment rate could temporarily exceed 20%. Some predict that the unemployment rate in the United States will rise to 25%, the US congressional media agency The Hill reported.

The employment situation is expected to gradually improve from the second half of this year as soon as the economic activity stage resumes.

“It will be better in the third quarter and better in the fourth quarter. Next year will be a great year,” said Minister Manusin. “It is not the fault of the American company, it is not the fault of the American workers. It is the result of a virus,” he said. “If it doesn’t ease the blockade, it can permanently harm the economy.” Said

“About 80% of the unemployed are unpaid or temporarily laid off. It does not guarantee a return to work, but it strongly suggests that the ties between the company and the unemployed remain intact,” said Cuddle. He predicted: “The United States economy will grow strongly next year.”