6 million white-collar jobs could be at risk in second wave of coronavirus layoffs

• "It will get worse before it gets better — white-collar workers will now bear the brunt," said Yelena Shulyatyeva, senior U.S. economist at Bloomberg Economics.
• "Even if states and businesses reopen, we’re likely to see this second wave of losses," since the labor market tends to lag economic activity, she said.

Don't sleep: The expectation for white-collar job losses tracks with surveys of top executives from accounting firm PwC that I wrote about in May, which found 31% of CFOs thought layoffs would occur in the next month, double the percentage who expected to lay off employees at the end of March.