Re:Jobless claims, total unemployment level worse than expected
by jcranmer on Thursday June 04, 2020 @12:41PM
(#23418818)
In the absence of mandatory shutdowns, the general retail, hospitality, etc. sectors would have still seen collapses of at least 50% or more. Maybe it wouldn't have been quite so bad as the 80% that actually happened, but that kind of crash would absolutely wipe out the industry without government support.
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