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Coronavirus: US jobless rate will worsen, Treasury Secretary Steven Mnuchin says

US President Donald Trump’s top economic advisers on Sunday said a “safe” reopening of the country was needed urgently, as the United States stares down the worst job numbers since the Great Depression.The April jobless rate, released on Friday, tripled to 14.7 per cent, the highest since the 1930s. And it is only set to worsen in May as job cuts spread further into white-collar work.Treasury Secretary Steven Mnuchin told the Fox News Sunday programme the real unemployment rate could already be…

Read the original article at South China Morning Post

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