Trump administration officials warned on Sunday that US unemployment could worsen dramatically in the coming months, with the jobless rate climbing beyond 20 per cent.
The warnings follow grim labour market data on Friday, which showed a postwar unemployment high of 14.7 per cent, and come as the US weighs the economic consequences of maintaining coronavirus restrictions.
“I think there’s a considerable risk of not reopening, you’re talking about what would be permanent economic damage to the American public,” Steven Mnuchin, Treasury secretary, told Fox News Sunday.
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