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Old 04-16-2020 | 10:18 AM
  #41  
FlyPurdue
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Joined: May 2009
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I am not going to predicting how this all shakes out, but the huge unemployment numbers are a bit misleading. I found a chart that Goldman produced showing the distribution of industries making up the ~15% unemployment. I don't know how to post pictures, but the big take away is ~9pts is made up of Leisure / Hospitality (4.5pts), Retail (3.3pts), and 'Other Services' (1.5pts).

Right now, especially in Leisure+Retail, there is near zero demand. I could see that as soon as that shelter in place starts to be lifted, these places will start hiring / recalling a lot of their workforce. I personally cant wait to get out of the house, and a few of my friends groups have already started planning big dinners out once we can.
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