Even today, with overall gross  This figure includes both the decline in the number reporting themselves as employed in the Household Survey as well as the BLS’ estimate of those who misreported themselves as employed but not at work rather than on temporary layoff.
It is critical in this environment that policymakers stay abreast of market developments to ensure that banks and nonbanks face the right incentives in assessing the risks of their business decisions, and likewise to ensure that consumers and investors have the best possible information available to them when choosing among financial services and products.