The carnage obvious in the March payroll report.

-701k drop largest ever for start of recession - recessions usually sneak up on us. This one happened in days.
-jump in workers forced to part-time from full time another record - 1.27 million.
-jump in U6 7% to 8.7% also record.

This will only be a small fraction of the losses we will see in the April report, due out 5 long long weeks from now. Teens if not tens of millions of losses by then.

The speed and depth of the COVID19 Recession is absolutely gut-wrenching.