Most of the jobs will return. We really won’t know the exact impact to jobs lost until the states and big cities start opening up again.
I suspect most of these jobs will NOT return. And those that do come back are going to be in industries that will be hampered indefinitely by low productivity.
It’s not about jobs. That graph just shows how unique this is.
Rather, it is what I’ve been saying for about a month. When people don’t produce, earn, spend and consume, tax dollars are not coming in. And yet they are increasing services and payouts at a time they are already up to their eyeballs in debt. That will have long term effects.
This won’t be coming back for a long time, and the free-fall is not over.