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A comment on Coronavirus: 18% of U.S. workers have lost jobs or hours, poll finds.

Re:Coronavirus: 18% of U.S. workers have lost jobs or hours,... by baron816 on Tuesday March 17, 2020 @02:32PM (#22608381)
BLS data is going to look crazy. Surely, there’ll be a jobs report where unemployment jumps from <4% to >10%. And then in a few months, it’ll jump back down again.
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Re:Coronavirus: 18% of U.S. workers have lost jobs or hours,... by nugget on Tuesday March 17, 2020 @02:34PM (#22608420)
How far will it jump back down?

A lot of small and medium sized businesses are pretty marginally profitable and exist because of legacy momentum. I'm starting to think that a lot of these businesses will never re-start after the pandemic ends.

[ Parent | on HN ]