U.S. economy faces historic shock, with 16% joblessness possible, Trump adviser says

The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will likely push the national unemployment rate to 16% or higher this month and require more stimulus to ensure a strong rebound, a White House economic adviser said on Sunday.

from Reuters: U.S. https://ift.tt/3azBDl6