3/26, 10:50 PM (Source: TeleTrader)
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Trump: Unemployment figures nobody's fault

The latest jobless claims report, which revealed a staggering 3.3 million Americans sought unemployment benefits last week, is "nobody's fault," President Donald Trump said on Thursday.

Speaking at a White House coronavirus briefing, Trump said that the figures were expected, but added he also expects a "fast turnaround" as soon as the COVID-19 pandemic is contained. "We'll come back very strong, but every day we stay out, it gets harder to bring it back," according to the president.

The US Department of Labor announced earlier that initial jobless claims surged by 3,001,000 to a record-high of 3,283,000 in the week ending March 21 as the coronavirus outbreak shut down parts of America’s economy.

Breaking the News / JC