Friday May 8, 2020 saw the release of the most disastrous monthly jobs report in American economic history. In this piece, the authors try to examine three issues for higher education institutions and students in New England. First, what is the magnitude of job losses in New England compared with the rest of the nation. Second, how have the shutdowns affected college graduates compared with those with fewer years of schooling, and what might this mean in the recovery. Third, what has been the impact of these losses on teens and young adults and what might that mean for decisions to continue in school.