Job creation came to a halt in December as restrictions brought on by surging Covid-19 cases hammered virus-sensitive industries, particularly bars and restaurants, which lost nearly half a million positions for the month.
Markets, however, shrugged off the report, likely on the anticipation that it strengthened the case for more stimulus from Congress and reflected a likely temporary reduction in jobs that would be reversed as Covid vaccine distribution accelerated. Since a recovery that began in May, the economy had recovered 12.3 million of the jobs lost. The biggest hit came in the hospitality industry, where hotels, restaurants and bars suffered under the yoke of restrictions that limited travel, dining and drinking.
The summer saw many of the restrictions on the establishments limits lifted, but they were reimposed over the past few months as coronavirus cases rose and states and communities again eliminated or restricted indoor dining and drinking.
Stay away from Robinhood. They are always getting hacked and tech support is useless. They even issued a debit card for my mothers account to someone in Indonesia. Her account is registered to an address in Georgia !!! They sent a card to Indonesia.
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