Chance for Increased Unemployment After COVID-19

The U.S. unemployment rate could increase to 20 percent if urgent coronavirus-related measures are not taken, according to the nation's Treasury Secretary.
March 18, 2020

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.

Subscribe to our Newsletters

Latest in Latest News

AVTECC/C-BEN
AVTECC/C-BEN Logo
The Competency-Based Education Network and International Advanced Vehicle Technology Education and Credentialing Coalition are working together to design, scale, and tailor programs...
June 13, 2025
CIC
CIC Philly Logo
The next conference is on July 23 in Philadelphia. Planned discussions include related processes, procedures, inter-segment relations, decision-making aspects and notifications...
June 12, 2025
CECA
Contra Costa College accepts a $25,000 donation to its collision engineering program from CSAA insurance group.
The donation to the Collision Engineering Career Alliance bridges classroom learning with industry practice for aspiring collision repair technicians at Contra Costa College.
June 12, 2025