US: Jobs Shed in December as Restrictions Weigh on Leisure and Hospitality
<p>Nonfarm payrolls fell by 140k in December, below market expectations for a 71k gain. The unemployment rate remained unchanged from November at 6.7%. Unsurprisingly, the biggest losses were in the leisure and hospitality (-498k), concentrated in bars and restaurants (-372k). Employment in the sector remains 23% lower than February levels. Jobs were also shed within […]</p>
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