NBC News reports:
The economy shed 140,000 jobs in December, a clear indication that the pandemic’s chokehold on economic activity strengthened in the final weeks of last year. The unemployment rate held steady at 6.7 percent.
In the final jobs report of 2020, Friday’s monthly employment snapshot from the Bureau of Labor Statistics shows a labor market teetering on the brink at the end of a tumultuous year.
Economists say the numbers lay bare the struggles facing American workers, and represent a mandate for President-elect Joe Biden’s administration to accomplish two things: Address the immediate financial needs of these households, and develop a longer-term solution that fosters job growth.
BREAKING: US economy lost 140,000 jobs in the final monthly report of Trump’s presidency, a clear indication that economic activity weakened due to the Covid-19 pandemic in the final weeks of 2020. https://t.co/SMGknchI7l
— MSNBC (@MSNBC) January 8, 2021
JUST IN: U.S. employers cut 140,000 jobs in December — the first monthly job loss in eight months — as the pandemic continues to rage around the country.https://t.co/zEznX4dihH
— NPR (@NPR) January 8, 2021