Lost 10 years of job growth in 4 weeks
70,000 jobs lost in March
Ends 113 month streak
Reverses 50-year unemployment lows
Info from PBS NEWSHOUR
However, most of this is on paper if you know what I mean. It's sort of like when you own stocks you don't sell them when the value drops but wait (if you can) until they recover. So, it really depends where you are standing through all of this. Is it temporary or did your life basically just end?
It's different for each person what all this means both in the short term and the long term of all of this.
If you own a small business you might have lost everything. But, if you got a Government loan you might have been able to save your business AND your employees (at least some of them) and keep paying them for now. So, it all depends upon who everyone is and where they stand and what they know and what they are willing to do next.
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