We estimate that non-farm payroll employment fell
by between 20 and 25 million in April, with the
unemployment rate surging to between 15% and
20%. That would be an unprecedented loss of jobs
in a single month, equating to more than double the
total decline in employment during and after the
financial crisis.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.