Financial Forecasts Bleak As World Weighs Reopening Vs. Virus Risks

The video discusses the economic impact of COVID-19, highlighting a UN report predicting a 3.2% global economic shrinkage in 2020 with a slow recovery in 2021. It also covers Goldman Sachs' warning that US unemployment could peak at 25%, comparable to the Great Depression, based on government statistics and new data sources. The April Jobs report showed a surge to 14.7% unemployment, with Treasury Secretary Steven Mnuchin suggesting the rate might be closer to 25% due to uncounted losses.

What was the US unemployment rate reported in April?

What did Treasury Secretary Steven Mnuchin suggest about the unemployment rate?