CNBC: Economy sees job loss in December for the first time in eight months as surging virus takes toll
Nonfarm payrolls fell by 140,000 in December, the Labor Department said, against the Dow Jones consensus estimate for a 50,000 gain.
This was the first monthly drop since April. The job losses were significantly higher than expected. The restaurant industry was one of the sectors seeing a big loss.
BREAKING: Nonfarm payroll LOST 140,000 jobs in December, versus an expectation of 50,000 increase. pic.twitter.com/giDDuS5Ybo
— Squawk Box (@SquawkCNBC) January 8, 2021
