Chance for Increased Unemployment After COVID-19

Order Reprints

March 18, 2020—The U.S. unemployment rate could reach 20 percent due to the coronavirus if Congress does not pass a $1 trillion coronavirus stimulus package, reported the New York Post.

According to the report, Treasury Secretary Steven Mnuchin has been pushing for Republican lawmakers to pass the bailout package that would include checks to Americans facing financial hardship.

Mnuchin was not issuing an economic forecast but showcasing the potential risks.

Related Articles

Experts Offer Advice for Limiting Spread of COVID-19

Vehicle Trade-In Values Spiking During COVID-19

ASE Survey Finds Adaption to COVID-19

You must login or register in order to post a comment.