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