I have to shake my head at how some are saying these are *lost* jobs. I would say many are jobs put into *idle* mode by the various government lockdown orders, and in some cases, lockdown orders by the businesses themselves. We really won’t know how many lost jobs there are until the country starts opening back up. But it seems a good bet we’ll have more unemployed after the dust settles than we did coming into 2020.
I would not be surprised, for example, if 40%-50% of the traditional restaurants (i.e., not fast food joints) in the U.S. don't open again.