Biden's work just got harder: America lost a staggering 140,000 jobs in December
By Anneken Tappe, CNN Business
Updated 9:45 AM ET, Fri January 8, 2021
New York (CNN Business)America's job market recovery ground to a halt in December, making President-elect Joe Biden's task to repair the economy that much harder.
The US economy shed a staggering 140,000 jobs last month, 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 time the rate hasn't improved in seven months.
The increase in Covid-19 infections, as well as the virus-containment measures states have had to take, are at the root of the worsening labor market conditions, the BLS said, ending a bleak year for workers on a sour note.
https://www.cnn.com/2021/01/08/economy/december-2020-jobs-report/index.html
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