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The labor market may lose 29.7 million jobs through May.

In this morning’s newsletter from The Wall Street Journal’s Real-time Economics, analysts estimate that the US may have a 16% unemployment rate by the time summer shines its bright and smiling face. This morning’s BLS data shows job losses mounting to over 700,000 in March, with the unemployment rate rising to 4.4%.

So, you might have to revise all those content marketing assets that begin with “In a tight labor market …” Together we’re going to stay afloat in these troubled waters ahead.