For interest ....
... " These responses from companies in the services sector and in the retail sector – while limited to Texas – give us a first inkling of how hard services and retail are getting hit. Services account for 70% of the economy and include the biggies of finance, insurance, healthcare, information and professional services – all of them with many well-paid workers." ...
Foretaste of the Lockdown-Driven Collapse in the Services & Retail Sectors: Holy Moly, What a Catastrophic Mess
by Wolf Richter
March 31, 2020
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