"You're looking at something minus 20 to minus 30 in the second quarter," Kevin Hassett predicted.
Around 350,000 Nevada residents have filed for unemployment benefits since the start of the coronavirus pandemic, doubling jobless numbers seen during the Great Recession and setting an all-time state record.
Treasury Secretary Steve Mnuchin offered a more optimistic assessment, saying that the economy would "really bounce back in July and August."
"Just last week," Governor Newsom said Wednesday, "$2 billion in unemployment insurance claims were dispersed, just in one week."
Yang pushed a version of UBI that would set up a permanent system for paying every American adult $1,000 per month: an idea that seemed naive but is now in the mainstream political debate.
The survey also reports that 46 percent of U.S. adults say their household has experienced some type of financial loss.
I've never seen so many Uber drivers, yellow cab drivers and Lyft drivers calling.
The host of Tucker Carlson Tonight also argued that the novel coronavirus posed a "miniscule" threat to rural America.
In the past five weeks, 26.4 million people have filed for unemployment nationwide due to the economic fallout of the coronavirus pandemic.
"It's quite a bit of runway between here and there," David Bailin said.
Demand for oil has dropped dramatically as the market has been flooded with barrels of crude, which are trading at just under $20.
"We should prepare for the worst-case scenario," Neel Kashkari cautioned.
De Blasio joined dozens of state Democratic lawmakers in urging landlords to allow tenants to use security deposits in lieu of rent and other forms of payment forgiveness amid the coronavirus economic lockdown.
The findings, reported in a poll Thursday that was commissioned by Data For Progress, a progressive advocacy group, illustrate just how grave the employment situation is for many Americans in the midst of an unprecedented global health crisis.
Companies across the U.S. have furloughed workers due to the halt to the economy caused by COVID-19.
New jobless claim numbers show around 16.7 million Americans have applied for unemployment benefits over the last three weeks.
Multiple Amazon warehouse workers have reportedly complained that the company has given them 60 percent or less of the sick pay they were promised due to the COVID-19 pandemic.
Trump holds a 48 percent approval rate on how he is dealing with the U.S. economy among those polled.
"The COVID-19 epidemic highlights the folly of tying health coverage to jobs," a co-author of the analysis told Newsweek.
Here is a list of community, nonprofit, and government initiatives available to people in need during the pandemic.
One expert even called the rules "criminally narrow" and argued that they will "greatly undermine the effectiveness of the system."
Many tenants unions and campaigners say the only way to help renters through the coronavirus crisis is for rent payments to be waived completely until the pandemic is over.
The former chair of the Federal Reserve made the suggestion during a conference call with House Democrats on how the coronavirus pandemic is hurting the economy.
"There should have been a pandemic playbook," Dimon wrote in a letter to shareholders, noting that the U.S. was not prepared for the crisis.
"More than 10 million Americans have already lost their jobs," Carlson said Friday. "Imagine another year of this."
A number of new federal policies has been implemented, including the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Jobless claims hit record levels for the second time in as many weeks as the coronavirus pandemic continued to rattle the economy.
The $2 trillion stimulus bill passed by the Senate provides more funds for those filing for unemployment.
A record-breaking 3.3 million people filed for unemployment benefits last week as businesses across the country shut down because of the virus outbreak.
"We have to go back to work," Trump said Thursday. "Our country has to go back."