A sobering metric - the final numbers are going to be bad. From CNBC:
US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report
Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a coronavirus-induced shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP.
In all, the decline totaled 20,236,000 — easily the worst loss in the survey’s history going back to 2002 but not as bad as the 22 million that economists surveyed by Dow Jones had been expecting. The previous record was 834,665 in February 2009 amid the financial crisis and accompanying Great Recession.
We will recover - these things happen every so often and it did not help that the Democrats used this crisis to try to acquire more power and to crash the system.
Now would actually be a great time to invest in a simple index fund - Vanguard 500 or some such...
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