Treasury Secretary Steven Mnuchin waved apart jaw-dropping new jobless claims by greater than three million People on Thursday morning, saying that the record-setting unemployment submitting numbers "proper now aren't related."

Mnuchin stated "the excellent news" is a $2 trillion reduction invoice working its means by Congress that's aimed toward assuaging revenue losses and different monetary fallout from the coronavirus pandemic.

He stated that the intention of that package deal is that many individuals who've just lately misplaced their jobs because of the coronavirus outbreak will get employed again by their employers with this reduction.

Requested on CNBC's "Squawk on the Road" what his response was to seeing the three.28 million new unemployment claims reported for the previous week, Mnuchin stated, "To be sincere, I believe these numbers proper now aren't related whether or not they're greater or shorter within the quick time period."

That variety of jobless claims is a whopping 4.7 occasions greater than the prior weekly report of 695,000, which was set in October...