That doesn't mean that all those jobs will be lost. But it's probable that as many as 10 million of those workers could see some impact to their paychecks -- either layoffs, furloughs, fewer hours or wage cuts, said Mark Zandi, chief economist at Moody's Analytics.
Of those 80 million jobs, Moody's Analytics projects that 27 million are at high risk due to the virus, primarily in transportation and travel, leisure and hospitality, temporary help services and oil drilling and extraction. Maybe 20% of those workers, comprising about 5 million jobs, will be affected, Zandi said.
The other 52 million jobs are judged to face "moderate risk." They are in areas such as retail, manufacturing, construction and education. Some 5 million of those workers are could be unemployed or underemployed.
The shock to the economy could come quickly. When the job changes in the coming week are counted it could show a loss of as many as 1 million jobs, according to Kevin Hassett, the former chairman of the White House Council of Economic Advisors under President Donald Trump.
That would be significantly worse than the 800,000 jobs lost in March 2009, the worst month of the Great Recession. That was also one-month drop in jobs since the US economy shifted off a war footing the month after World War II.