With recent job losses totaling slightly over 30 million and with millions more to come, assuming no one leaves the labor force, the unemployment rate will peak at 24% in 20Q2. Assuming 10 million persons quit the labor force, unemployment will peak at 18%. If net employment growth averages 800,000 jobs/month, four times the norm, in 20Q3 through 21Q4, unemployment will end 2021 at 11.5%, still high but much better.