WOW – Hopefully this will be the only time in everyone’s career that markets see a NFP drop like this. 20.5mn jobs lost is tough. Markets expect that loss to flip in the coming months, and some companies are moving forward with their plans to re-start their plants (Boeing and Ford). But job creation will take time for the tail, since every sector saw deep cuts (leisure 7.6mn, education 2.5mn, retailers 2.1mn, manufacturing 1.33mn).
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