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Specificallyhttps://businessnewstoday.xyz we start with the number of staff who’re projected to lose their jobs from small agency closures. We then multiply the preliminary employment stage https://businessnewstoday.xyz on the employment size levelhttps://businessnewstoday.xyz by the survey-based mostly estimate of the share of companies that shall be closed in December relying on the length of the crisis. The first row shows that there have been 5.9 million employees in companies with fewer than five employees in 2017. In our surveyhttps://businessnewstoday.xyz 43{cdc17030ebee8ca3ca5ff9633f5ce2954ee4767382adf89e759d5292cf03316e} of these smaller companies expected to be closed in December even if the crisis lasted for just one mo. Nexthttps://businessnewstoday.xyz we multiplied 0.43 occasions 5.9 million staff to project 1.6 million separations as a result of agency closings .

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