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The share of unemployed Americans on furlough, in fact, surged to 78.3%—up from 26.5% in March, according to the US Bureau of Labor Statistics. In a research note, a Bank of America economist noted that the high number of temporary layoffs is a “silver lining.” Keeping workers attached to their employers means potentially a faster road to recovery for the US economy, as workers won’t have go through the hassle of looking for a new job or training for a new skill.
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“The Bank of England also revealed a bleak outlook for the country in its 
“Fink said on the call with clients of a wealth advisory firm that bankers have told him they expect a cascade of bankruptcies to hit the American economy, and he wondered if the Fed needed to do more to provide support, according to a person with knowledge of the remarks.”
