U.S. Economic Outlook: A Jobs Recession

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Global Risks 2020

MACRO STRATEGY

U.S. Economic Outlook: A Jobs Recession

Apr. 14, 2020

Significant attention has justifiably been focused on the devastating loss of jobs in recent weeks. There are clear losses to restaurants, in-person entertainment, and travel and tourism. But focusing on the employment figures yields a more negative outlook than looking at the overall economic picture.