Graham Stephan, relaying another source: a call with no clear direction

The window it was checked over

Unemployment rate: U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

even though lower wage jobs are being affected the most by this everybody as a whole is likely to see lower wages by them saying economic downturn is putting downward pressure on wages and even anecdotally I've seen quite a few stories of people with six-figure jobs that were furloughed and then asked to come back to work but they have to agree to a pay cut and many of those employees might be best just to go and take the same job as before but with a lower pay cut than risk being unemployed and trying to find a job alongside a lot of other people the report also suggests that the job market could take years until it returns back to normal so until that happens I have a feeling we'll start to see a higher than normal savings rate higher unemployment low inflation until things begin to normalize now the other bad news depending on how you look at it is that they found that borrowing conditions are tight for individuals with low credit ratings but credit remains available to those with strong credit profiles so here's just what that means if you're someone who already has money you have a good credit score and you don't need to borrow money then you're more likely to get credit because

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