My heart goes out to all who've lost their job (and those who's health has been impacted by COVID-19).
In case you want to get perspective of the huge US impact of unemployment, see this automated visualization.
In case you want to get perspective of the huge US impact of unemployment, see this automated visualization.
http://lenkiefer.com/2020/04/03/us-labor-market-update-april...
Unemployment peaked at around 25% in the 1930s depression. Rough calcs suggest that could be surpassed: https://www.stlouisfed.org/on-the-economy/2020/march/back-en...
So we don’t really know yet with precision, but it’s getting close to Great Recession levels.
I just got some equipment quoted with a 2 week delivery guarantee. A month ago there was a 10 week backorder due to Chinese supply chain issues.
The overall market is imploding. Once you see prices drop, that’s it.