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
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.
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