U.S. Labor secretary: Jobless rate can dip below 10% by year's end
June 04, 2020 at 10:00 AM EDT
The U.S. unemployment rate, which economists expect hit 19.8% in May, should be able to drop below 10% by the end of 2020 now that workers side-lined by coronavirus-related shutdowns are returning to work, U.S. Labor Secretary Eugene Scalia said on Thursday.