With a contraction of 9.5% from last quarter, or 32.9% on an annualized rate, the second-quarter gross domestic product loss of the United States was the worst in the nation’s recorded history.

It’s also marginally less egregious than expert estimates of a 34.5% annualized loss from the evening before the Bureau of Economic Analysis’s release and markedly less so than the Congressional Budget Office’s springtime estimate of a 36.9% contraction.