Pedro A. Delgado holds as sign reading, 'We need to get back to work,' as he joins with other protesters in front of the Freedom Tower on April 25, 2020 in Miami, Florida. ( Joe Raedle/Getty Images ) The U.S.
unemployment rate will likely get worse before it gets better, Treasury Secretary Steven Mnuchin said Sunday after unemployment hit 14.7 percent last week, the highest level since the Great Depression.
Actual U.S. unemployment "could be" close to Great Depression levels at 25 percent, Mnuchin said. "Unlike the Great Depression where you had economic issues that led to this, we closed down the economy," Mnuchin said on "Fox News Sunday." "The reported numbers are probably going to get worse before they get better.