The new Beige Book from the Federal Reserve district is out and they didn't bury the lede:

"Economic activity contracted sharply and abruptly across all regions in the United States as a result of the COVID-19
pandemic."
A few notes in this thread: "severe job cuts were widespread, including the manufacturing and energy sectors. Contacts...noted...temporary layoffs and furloughs that they hoped to reverse once business activity resumes...near term outlook was for more job cuts in coming months."
Here's the quick summary for the Dallas region. Full link: https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20200415.pdf
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