This to me is magical thinking, most of those companies are small to medium sized businesses, and those jobs aren't coming back. Over 3 million businesses have closed down permanently, and the owners of those have spent their investment capital, they are liquidating and being bought up at firesale prices by wall street.
Yeah, overall there's been a huge loss of jobs (looks like about 20 million net from eyeballing that bottom graph). But there will also be a huge number of companies that fired all their front-of-house staff in March and rehired them in July/August. That's where the 9 million number comes from.
I don't think it's impossible. Huge parts of the service industry will have laid off, then taken back on, a bunch of workers.
This to me is magical thinking, most of those companies are small to medium sized businesses, and those jobs aren't coming back. Over 3 million businesses have closed down permanently, and the owners of those have spent their investment capital, they are liquidating and being bought up at firesale prices by wall street.
Yeah, overall there's been a huge loss of jobs (looks like about 20 million net from eyeballing that bottom graph). But there will also be a huge number of companies that fired all their front-of-house staff in March and rehired them in July/August. That's where the 9 million number comes from.