US President, Donald J. Trump, on Friday struck an optimistic tone urging Americans to stay calm despite the US economy losing a staggering 20.5 million jobs in April with the unemployment rate spiking to 14.7 percent due to the COVID-19 pandemic- the largest unemployment rate since World War II.
Trump said the job losses were expected and promised to bring them back as he hopes to restart the economy, his major bragging point before the Coronavirus pandemic struck, shattering businesses, killing thousands, crashing oil prices and burdening the healthcare industry.
‘It’s fully expected, there’s no surprise,’ Trump told Fox & Friends just moments after the report was released.
‘Somebody said: “Oh, look at this”. Even the Democrats aren’t blaming me for that. What I can do is I can bring it back. Those jobs will all be back, and they’ll be back very soon. And next year we’ll have a phenomenal year.’
Trump’s comments come after nearly 3.2 million laid-off workers applied for jobless benefits in the week ending May 2 and after the US Labor Department released a report on Friday showing the 14.7% unemployement rate, the steepest plunge since the 1930s Great Depression .
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