Your Daily Roundup for May 28th

What do you think?

Good morning. As the COVID-19 pandemic takes a toll on the U.S. economy, our team at Future Majority is tracking the latest updates: 

1 in 4 American workers are now out of a job:

2.1 million more Americans filed for unemployment benefits last week. There are now over 40 million workers unemployed in just the last 10 weeks, which is equivalent to 1 in 4 American workers.

We won’t see updated economic projections from the White House:

In a change from previous administrations, the Trump White House will not release updated economic forecasts for the country this summer.

In February, the administration predicted that the economy would boom 3.1 percent from Q4 in 2019 to Q4 in 2021. Instead of the 3.5 percent unemployment rate that was predicted, unemployment could hit as high as 20 percent this year due to the economic fallout from COVID-19. The economy might contract over 5 percent.

Trump’s job approval continues to hover in the low 40s:

Three new polls out this week show President Trump’s job approval continues to suffer and is down from the high 40s he enjoyed in February.

Politico/Morning Consult

  • Approve: 40%
  • Disapprove: 57%

Reuters/Ipsos

  • Approve: 43%
  • Disapprove: 55%

Economist/YouGov

  • Approve: 45%
  • Disapprove: 53%