From CNN's Betsy Klein and Sarah WestwoodTrump administration officials continued to predict dire, depression era-level unemployment numbers for the month of May, days after the April unemployment rate hit 16%.
White House economic adviser Kevin Hassett told CNN on Sunday that he thinks the United States unemployment rate will"probably" be"close to 20%" in the May jobs report, noting this number will depend on what happens with the virus and with the economy as some states begin to reopen. Hassett said that the middle of the summer will be a"transition phase." He hopes the Congressional Budget Office's prediction for growth in the third and fourth quarters of the year will be right.
"If you remember that we basically stopped the greatest economy on Earth to save lives and I think that we're very glad we've saved lots of lives. We're very glad that we've done that," Hassett said, adding that the CBO's projection for growth in the second half of the year is not a mystery.the chairman of the White House’s National Economic Council, also acknowledged challenges for May but projected some optimism moving forward.
“As bad as those job numbers were –– and I don't want to sugarcoat it, because I think the numbers for May are going to be also very difficult numbers. It's going to take a while for the reopening to have an impact. So, there's that. The second point is, inside the numbers, there's a glimmer of hope. I don't want to downplay the numbers, mind you, but there's a glimmer of hope,” he said during an appearance on ABC.
I believe the governor needs to prove to those who insisted on going to crowed bars, that he can go back to stay at home' policy. What's wrong with people?
Brilliant
Please interview Dr Ivette Lozano and see what is really going on in this country. Please allow every doctor and pharmacist to give the correct drugs to their patients.
He's really helping the schools too
DR.FAUCI she says not necessary to wear a mask unless you are infected.
Your mongering, fear mongering, fair mongering. People have to go back to work and no ones forcing the elderly or those who are available work. Governor Como has already found out that in New York 66% of the new cases are coming from people who shelter at home so back to work.
Not a good thing. Just going to get worse. Think think Not very wise !?!!!!!!!
Let’s not allow travel out of any state that has not had a 14 day decline.
Big mistake!
Idiot's!
Guinea pigs
Good.
New cases doesn't translate to deaths. Of course there are more cases due to more testing. Good for them. Humans need the sunshine; that is the only natural source of vitamin D. Vitamin D is arguably the most important vitamin for our immune systems. It also stops depression.
Uptick? We had 21132 on 5/7 and 24081 today. So we’ve had less than 300 cases in 3 days. We’re opening, save your fake fear for the people who listen to your nonsense.
Every one has right to decide
Why?
The number that should be reported is not the number of positive cases but the percentage of positive tests. What is the number saying?
Ppl need to get back to the work.
About 90% of the state of Ohio is set to open even after a recent uptick in new Covid-19 cases, Gov. Mike DeWine says
They are playing with lives
Hmmmmmm.
Good
There was NEVER a downtick!
We need to make paychecks now before we lose the roof over our heads and no money for food to eat.
Nothing about numbers tested. If they are testing more then of course numbers go up. Better metric would be number of hospitalizations
Must be nice!
More tests will mean a rise in cases... why does the media try and make things far worse than they are
For all of you freaking out. Georgia opened 15 days, open restaurants 8 days ago and their numbers are still going down. Relax, cover your mouth, wash your hands, keep your distance.
This long, taxpayers-paid-for vacation is over folks. Time to get back to work, if that is OK with you CNN? WeWantToWork9999
Been 15 days since Georgia re-opened. They just announced another lower total number of new infections. Where’s the body count you and the rest of the MSM was screaming about?
What a shame, GovMikeDeWine succumbed to the orange menace.... all that work for nothing. Good luck Ohioans. You’re gonna need it!
Who cares if there’s an “uptick” in covid. There’s an uptick in many things like the flu, heart disease, obesity etc. Covid is not special. You still think this is a “pandemic?” It’s all about political and medical control.
Why are they all so physically unappealing?
🚨BREAKING🚨 Fauci, Dr Birx, the WHO, the CDC and the Bill and Melinda Gates Foundation are now urgently recommending EVERYONE wear BLINDFOLDS to help prevent them from actually SEEING what’s going on.
Brilliant.
Just look at this goober and tell me you’d take advice from him?! Enjoy your mass funerals.
He had been doing so well... the writing was on the wall when he stepped back on requiring everyone to wear masks. So sorry Ohio 😷🙏🏾😷🙏🏾😷🙏🏾
Any crisis calls for adjustments, updating, and modernizing things to avoid another catastrophe. I haven't heard much on this subject other than putting things back the way they were and telling us to shake it off. The 100-150yr old economic model needs some adjusting for sure...
~ we’re doomed… from before the start.
.GovMikeDeWine : 100,000 give or take. You okay with that?
Better hold on to those ventilators.
How are things going in North Carolina? They have been open for a while.
Is the minimum wage for servers/bartenders going to increase too since we get voided checks every week because we make about $5/hr that is all taken for taxes & won't see the same money coming in since we can't operate fully?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: enews - 🏆 466. / 52 Read more »
Source: Newsweek - 🏆 468. / 52 Read more »
Source: people - 🏆 712. / 51 Read more »
Source: TMZ - 🏆 379. / 59 Read more »
Source: NBCNews - 🏆 10. / 86 Read more »