Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The US lost 140,000 jobs in December, the Bureau of Labor Statistics said Friday. That ran counter to economist estimates that foresaw 50,000 job payroll additions.The result also snaps a seven-month streak of payroll additions for the US labor market and reflects a slowdown in the US economic recovery.
. The reading defies consensus economist estimates that foresaw 50,000 job additions, according to Bloomberg data. It's also a sharp reversal from the 336,000 payrolls added in November. Roughly 15.8 million Americans cited the health crisis as the primary reason their employer ended operations, up from 14.8 million people the month prior.
The distribution of COVID-19 vaccines suggests permanent hires can rebound in the coming months. Yet the millions of Americans left without work for months stand to leave lasting scars in the labor market.BANK OF AMERICA: Buy these 8 US stocks poised to soar in the first quarter of 2021— and avoid these 2 at all costsFriday's data shows a labor market on the brink of a second downturn, yet developments throughout last month reveal a potential end to the pandemic and its economic toll.
Divison and tension. Things will get worse. Politicians don't have a clue.
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