US Loses 140,000 Jobs Amid Virus Surge as Unemployment Claims Drop to 787,000
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From the Center
Virus Surge Ends Seven Months of U.S. Jobs Growth
The U.S. shed 140,000 jobs in December as a resurgence of the coronavirus ended seven months of job growth and weakened the recovery.
Restaurants and bars drove the decline by cutting 372,000 jobs last month, the Labor Department said Friday. The broader category of hospitality and leisure industries—which adds hotels, museums, tourist sites—also saw losses, while schools and governments cut jobs as the pandemic triggered new restrictions on activity.
Jobs gains in most other industries weren’t enough to offset the sharp decline in areas sensitive to the state of the...
From the Left
Nearly 800,000 Americans filed for unemployment in the last week of 2020
The number of Americans filing for jobless aid stayed essentially flat in the last week of 2020, as enhanced unemployment benefits kicked in for laid-off workers.
Roughly 787,000 people applied for unemployment in the week ending January 2, the Labor Department said Thursday. That's just 3,000 less than the previous week's claims, which were revised up to 790,000. Another 161,000 applied for Pandemic Unemployment Assistance, a special federal program for self-employed, freelance and gig workers.
It's the first time since March that new unemployment claims, including for self-employed workers, fell...
From the Right
Economy lost 140K jobs in December as pandemic worsened
The economy shed 140,000 jobs in December, the Bureau of Labor Statistics reported Friday, the first losses since April, reflecting renewed economic closures amid a worsening coronavirus pandemic that has infected more than 21.5 million people in the United States and killed more than 365,000.
The unemployment rate remained flat at 6.7%.
"It has never been more true that the path of the economy depends on the course of the virus, and right now, new Covid outbreaks across the nation are threatening to bring the economy down with it," said...
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