The Country Lost Jobs In December, Which Was Totally Predictable

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Now that winter has arrived, the economy is looking pretty hypothermic.

off for Congress to pass some sort of new coronavirus relief bill was that they could see a rough winter was coming. Cold weather and a potential new wave of the pandemic threatened to shut down outdoor drinking, dining, and travel in much the country, leading to layoffs and closures at hospitality businesses that were already barely hanging on.

In the end we didn’t get an relief bill until after Christmas, and things seem to have played out more or less like many feared. TheFriday that the U.S. lost 140,000 jobs in December, suggesting that our economic recovery was screeched to a halt. But the pain wasn’t spread evenly. Employers in most major sectors, such as manufacturing, construction, retail, finance, health care, and business services like accounting, added to their payrolls.

 

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