US Treasury Secretary Steven Mnuchin. Photo: AP
Coronavirus: US jobless rate will worsen, Treasury Secretary Steven Mnuchin says
- The United States’ April jobless rate, released on Friday, tripled to 14.7 per cent, the highest since the 1930s
- But Mnuchin says the real rate could be closer to 25 per cent, based on the 7 million additional workers who have lost jobs since the figures were compiled
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Coronavirus pandemic
US Treasury Secretary Steven Mnuchin. Photo: AP