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Tags: kudlow | jobs | coronavirus

WH's Larry Kudlow Sees 'Glimmer Of Hope' In Job Loss Numbers

larry kudlow speaks to reporters with president trump looking on
Director of the National Economic Council Larry Kudlow speaks as U.S. President Donald Trump looks on during a briefing on the coronavirus pandemic, in the press briefing room of the White House on March 24, 2020 in Washington, DC. ( Drew Angerer/Getty Images)

By    |   Sunday, 10 May 2020 09:48 AM EDT

White House economic adviser Larry Kudlow said Sunday there’s “a glimmer of hope” inside the brutal job loss numbers sparked by the coronavirus crisis.

In an interview on ABC News’ “This Week,” Kudlow said he wouldn’t “sugarcoat” the massive U.S. job losses, which the Labor Department reported totaled  20.5 million in April. Unemployment stands at 14.7%.

“As bad as those job numbers, I don’t want to sugarcoat it… inside the numbers there’s a glimmer of hope,” he said, noting that there are indications of 80% of those losses were “furloughs and temporary layoffs.”

That, he said, would “suggest the cord between the worker and business is still intact.”

Kudlow also said talks with the House about further steps to shore up workers and the economy are “informal for now.”

“I think many people would like to pause for just a moment and take a look at the impact of this massive assistance,” he said, adding “there’s no formal negotiations yet… we’re collecting ideas for next steps… it’s not that we’re not talking, it’s just informal at this stage.”

Kudlow insisted that in reopening the nation’s economy there isn’t an either/or choice for safety.

“Businesses are probably going to be leading this charge as we attempt to reopen this economy,” he said, adding: “Between public and private health system we can do this… safety is absolutely crucial but it’s not either or.”

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Politics
White House economic adviser Larry Kudlow said Sunday there's "a glimmer of hope" inside the brutal job loss numbers sparked by the coronavirus crisis.In an interview on ABC News' "This Week," Kudlow said he wouldn't "sugarcoat" the massive U.S. job losses, ...
kudlow, jobs, coronavirus
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2020-48-10
Sunday, 10 May 2020 09:48 AM
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