“US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report”
May 6, 2020
“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…”
https://www.cnbc.com/2020/05/06/adp-private-payrolls-april-2020-drop-by-record-20point2-million.html
20 million jobs is no laughing matter. I have to be honest with everyone. The job market isn’t looking to good. It’s going to be in pretty bad shape for a while. At this point I should say prepare for the worst.