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Moreover, these job losses look solely at business closures and don’t account for the discount in the number of employees by firms that remain open or job losses amongst workers who are employed by larger firms. When companies are advised to anticipate a 1-mo disaster, the expectation of remaining open by the top of the 2020 hovers above 68{b65f5d6d6d519c0954b2ab3b15d02806e53b5e138b4955adef66d08dc21b3c53} throughout all industries, with the exception of arts and entertainment, personal providers, and tourism and lodging. In these industries, the expectation of remaining open drops to 66{b65f5d6d6d519c0954b2ab3b15d02806e53b5e138b4955adef66d08dc21b3c53}, 57{b65f5d6d6d519c0954b2ab3b15d02806e53b5e138b4955adef66d08dc21b3c53}, and 63{b65f5d6d6d519c0954b2ab3b15d02806e53b5e138b4955adef66d08dc21b3c53}, respectively. When corporations are advised to count on a 6-mo crisis, the typical expectation of remaining open falls to 39{b65f5d6d6d519c0954b2ab3b15d02806e53b5e138b4955adef66d08dc21b3c53}, and there’s significant heterogeneity between sectors. The anticipated survival chance for companies in Arts and Entertainment drops precipitously to 45{b65f5d6d6d519c0954b2ab3b15d02806e53b5e138b4955adef66d08dc21b3c53} under a 4-mo disaster, and 35{b65f5d6d6d519c0954b2ab3b15d02806e53b5e138b4955adef66d08dc21b3c53} if the disaster lasts 6 mo. The expected likelihood of being open for Personal Services companies falls to 19{b65f5d6d6d519c0954b2ab3b15d02806e53b5e138b4955adef66d08dc21b3c53} if the crisis lasts 6 mo.
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