#NEW The US economy suffers first job loss since April as states reimposed restrictions amid rising Coronavirus cases
@USDOL reports nonfarm payrolls declined by 140,000 in December vs economists’ expectations for an increase of 50,000
Unemployment rate unchanged at 6.7%
@USDOL reports nonfarm payrolls declined by 140,000 in December vs economists’ expectations for an increase of 50,000
Unemployment rate unchanged at 6.7%
#MORE Today’s jobs report includes upward revisions for the previous two months: October +44,000, November +91,000
#MORE Leisure and hospitality sector led the December drop:
Leisure/hospitality: -498k
Education/health: -31k
Government: -45k
Trade/transport: +191k
Business Services: +161k
Goods-producing: +93k
Temporary help: +68k
Manufacturing: +38k
Leisure/hospitality: -498k
Education/health: -31k
Government: -45k
Trade/transport: +191k
Business Services: +161k
Goods-producing: +93k
Temporary help: +68k
Manufacturing: +38k
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