I don't have much to add to Ezra. The top-line number hides a depressing situation. The only thing I would add is that there's a silver lining of strong growth wherever it is; it will be somewhat stimulative. Even though these new jobs are temporary and government, they still allow those 400k census workers to spend money and add a teeny bit of aggregate demand. Won't be enough to replace those 400k jobs with private jobs over the next months, though, I expect.
Not a good sign.