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May 8, 2020

We knew that unemployment report was coming, but it still hurt

Today we dive into how furloughs are counted, what this means for people trying to make rent and what the “diffusion index” can tell us.

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Seventy-eight percent of those who lost jobs in April reported they were temporarily laid off.
Seventy-eight percent of those who lost jobs in April reported they were temporarily laid off.
Spencer Platt/Getty Images

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We knew that unemployment report was coming, but it still hurt