The U.S. shed 140,000 jobs in December as a resurgence of the virus hit restaurants, ending seven months of job growth and weakening the economy.

The Labor Department report Friday showed the jobs market has deteriorated this winter as cold weather, rising covid infections, and new restrictions on businesses deal a setback to the recovery from the pandemic.

In one positive sign, job growth in November was stronger than previously estimated. The agency said the economy added 336,000 jobs that month instead of the initially reported 245,000.

Source

Back to Latest