United States jobless rate will get worse: White House adviser

Kudlow says it will 'take a while' for state reopenings to have impact on floundering economy

Kudlow says it will 'take a while' for state reopenings to have impact on floundering economy

The April unemployment rate announced by the Labor Department undercounts some out-of-work Americans, economists say https://www.reuters.com/article/us-usa-economy-unemployment-data-explain/explainer-why-fridays-u-s-jobless-figures-wont-capture-the-true-state-of-the-coronavirus-economy-idUSKBN22K0HW.

Other infectious disease specialists, meanwhile, warned that a too-swift reopening of businesses and public spaces would ignite new hot spots. At the White House, all employees are being tested at least weekly, officials said, and a handful of top aides who regularly interact with the president are being tested daily, they said.

Mr Hassett, the former chairman of the Council of Economic Advisers, recently returned to the White House to advise on virus-related matters.

Unemployment soared to 14.7 percent in April - the highest rate since the Great Depression - and analysts predict it will rise still further in May.

"Let's take the next few weeks", Mnuchin said.

The White House has some of the most rigorous precautions of any United States venue at the moment. Hassett answered that "we need to ramp up testing", and he called the virus "very scary" as he acknowledged that Katie Miller, Vice President Mike Pence's press secretary, has now tested positive.

"The reported numbers are probably going to get worse before they get better", Mnuchin told the Fox News Sunday program. On Sunday, the USA death toll approached 80,000. "Nobody knows for sure if it's going to work", he said.

More than 33 million Americans have lost their job in the last two months.

Iran ready for unconditional prisoner swap with US
The request comes amid fears that the coronavirus pandemic could take root in each country's prisons. Iran retaliated on January 9 by firing missiles at bases in Iraq where USA troops were stationed.

"We have not used the eight weeks as well as we could have, unfortunately", said Shaman.

The U.S. Treasury Secretary on Sunday said the White House was considering another round of stimulus checks to help Americans make ends meet.

White House economic adviser Kevin Hassett said the Trump administration has been monitoring economic activity in response to previous stimulus packages and projections related to the COVID-19 pandemic as governors and Congress have called for a bill with as much as $1 trillion in additional funding for state and local governments.

Trump has portrayed budget shortfalls, particularly in blue states, as the fault of state administrations, rather than due to the virus.

US President Donald Trump's top economic advisers on Sunday (May 10) argued that a "safe" reopening of the US is the needed urgently as they stare down the worst job numbers since the Great Depression.

House Speaker Nancy Pelosi has said that a Democratic package could be coming from the House this upcoming week.

"If we go to a Phase Four deal, I think that President Trump has signaled that while he doesn't want to bail out the states, he's willing to help cover some of the unexpected COVID expenses that might have come their way", he told CNN in an interview, referring to the COVID-19 disease caused by the coronavirus. The administration, he said, was "watching to see what happens to economic activity and the path of the disease".

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