US reports 140,000 job loss in December, first time since April
Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 per cent, the US Bureau of Labor Statistics said on Friday
BusinessToday.In | January 8, 2021 | Updated 20:11 IST
US recorded 140,000 job loss in Decemberjob loss in December
US recorded job loss in December for the first time since April as rising COVID-19 cases and new business constraints impacted the world's largest economy. The unemployment rate and the number of unemployed persons, however, remained unchanged at 6.7 per cent and 10.7 million, respectively, as per the date released by the US Labor Department on Friday. Although both measures are much lower than their April highs, they are nearly twice their pre-pandemic levels in February (3.5 per cent and 5.7 million, respectively).