On Thursday, The New York Times reported that Trump administration officials are asking states to hold off on releasing unemployment-claim numbers to the public.
The Trump administration is asking states to delay releasing unemployment-claim numbers, a sign of concern over further roiling markets https://t.co/34MIcVT5Ub
— The New York Times (@nytimes) March 20, 2020
The request is the latest sign that the administration is fearful of the economic outlook, as businesses temporarily shut down over coronavirus and the stock market routinely sees four-digit losses on a daily basis.
President Donald Trump himself has suggested a recession is on the horizon. Meanwhile, Treasury Secretary Steve Mnuchin has warned GOP senators that in the worst-case scenario, unemployment could spike as high as 20 percent — a figure not seen since the Great Depression.