But where did all the jobs go???....Gone to the Plan-Demic Last week, Federal Reserve Chairman Jerome Powell warned that there will be “millions of people who don’t get to go back to their old job.” A new study by Bloomberg Economics predicts that 30% of US job losses from February to May are the result of a “massive reallocation shock.” Based on their prediction, millions will return to work during the initial phases of reopening. However, millions of others will not have a job awaiting them during the post-recovery period. In addition to the reallocation shock, the study found that half of the jobs lost were the direct result of the lockdown and a decrease in demand. All eyes will be on the June jobs report to gauge the severity of America’s unemployment crisis.