America sheds jobs for the first time since April

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The US job market recovery that started in May has ground to a halt with the economy losing 140,000 jobs in December

New York America's job market recovery ground to a halt in December, losing a staggering 140,000 jobs, the Bureau of Labor Statistics reported Friday — a far worse outcome than economists predicted.

The unemployment rate remained flat at 6.7%, marking the first month that the rate hasn't improved in seven months.The US economy is still down 9.8 million jobs since February.Workers who have lost their jobs through no fault of their own still need the government's help to make ends meet. And while the stimulus package that was signed into law in the final week of 2020 extends and expands jobless benefits, more work likely remains to be done.

 

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ImpeachBiden

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