It remains to be seen how long the suspensions/layoffs will last. It is not as if all these job disappeared. Besides, more may be needed as we ramp up USA production of medical gear, etc.
Some of the small businesses that employed these people will never come back.
Just as anecdotal evidence....my company is considered “essential”. But we just decided to furlough all workers for 2 weeks at the end of April to save cash.
We may extend it, but everyone gets a 2 week furlough and will go on unemployment.
What we just saw in the jobs report is nothing to what is coming.
Fester - you seem to be very unaware of what is happening. The press is already using the word depression and that is the first time they will be accurate. Listen to the first hour of Rush today. You have to balance the response to the virus and the economy.