Indoor dining restrictions, weather seasonal impact. Leisure & Hospitality Sector, a colossal 498k jobs were lost in December, 372k of those L&H layoffs were at restaurants and bars. Fiscal relief is NOT focused here, should be.
In the first week of '21, Wall St. strategists already have to revise their growth forecasts and average missed on jobs numbers. Reprint the 500-page new yr outlook, a good kindling recourse for the fireplace.
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Why does @stoolpresidente have more focus here than Congress? House and Senate are shotgunning billions of dollars around the planet. More targeted U.S. focused assistance to those in need is in order, asap.
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Construction +51k, manufacturing +38k. As US sheds Leisure & Hospitality jobs (lower-paying) vs. adds construction and manufacturing (higher paying), AHE rose 0.8% MoM faster than expected.* Infrastructure focused fiscal policy needed, will impact wages.
*Average hourly earnings
*Average hourly earnings
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