I think I disagree with Josh here. It was the second worst month for permanent layoffs in the last two decades, despite it being a month of optimism over virus suppression. And yet most of the coverage has been on the better-than-expected decline in temporary layoffs. https://twitter.com/jbarro/status/1278790003804561418
Here's the chart of monthly permanent jobs lost, which as @JedKolko helped me understand is basically just a function of the BLS asking the unemployed whether they expect to get their job back within the next six months. If they say no, the loss is considered to be permanent.
As I said earlier, that strikes me as unambiguously bad news, but eager to hear counterarguments.
Good analysis from Matt https://twitter.com/m_c_klein/status/1278832790935498752?s=21 https://twitter.com/m_c_klein/status/1278832790935498752
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