U.S. economy sheds 140,000 jobs in Dec., 1st loss in 8 months

The U.S. economy lost 140,000 nonfarm jobs in December, the first monthly decline since April, amid a resurgence of the novel coronavirus, Labor Department data showed Friday. The unemployment rate, which had been improving after surging to 14.8 percent in April, was unchanged at 6.7 percent from the previous month. The loss in nonfarm payrolls is likely to weigh on the fragile recovery of the world’s largest economy. The December unemployment rate remained 3.2 percentage points higher than it was last February, before the pandemic began to accelerate in the United States and led to widespread…

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