Experts Debate on How Quickly the US Economy Will Rebound
In April, the unemployment rate grew to an unprecedented 14.7% according to a new report released by the U.S. Bureau of Labor Statistics. It is the highest unemployment rate and largest single-month change since 1948 when the U.S. Bureau of Labor Statistics started tracking the numbers. While White House experts are hopeful the economy will quickly rebound, others are not so optimistic. VOA's Elizabeth Lee has the details.
Former chair of the Council of Economic Advisers Jason Furman discusses how the U.S. should go about reopening the economy. Aired on 04/14/2020. CNN's Michael Smerconish looks into how the unemployment crisis, economic downturns and the stress of isolation with no clear end date could significantly increase "deaths of despair." New York Governor Andrew Cuomo says that the USNS Comfort will now be able to treat COVID-19 patients. Aired on 4/6/2020. Microsoft founder Bill Gates gives his take on the right measures the US needs to implement in order to reopen schools and his "best case" for the US economy.