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December Jobs Report Shows Recovery Thrown in Reverse


December Jobs Report Shows Recovery Thrown in Reverse
The latest jobs numbers are out from the U.S. Bureau of Labor Statistics. What do they mean for job seekers, employers and investors? Here’s a quick take from Glassdoor Senior Economist Daniel Zhao:
Today’s jobs report offers an alarming economic bookend to 2020. As the pandemic worsens, the American economy lost 140,000 jobs, the first drop since April in a reminder that the economic recovery is fragile. Unemployment stagnated at 6.7 percent as closures and declining demand forced businesses to once again furlough and lay off workers. Rather than simply tapping the brakes, the economy is actually being thrown in reverse. ....

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Nearing Vaccine Dulls Roar for Investors as Congress Gets Nowhere on Stimulus


Markets remained flat as Congress still has no relief package, while Pfizer’s vaccine approval seems imminent.
New York Stock Exchange traders Edward McCarthy, left, and Robert Charmak work Friday on the floor during the IPO for Delwinds Insurance Acquisition Corp. (Colin Ziemer/New York Stock Exchange via AP)
MANHATTAN (CN)  A week after posting record highs across the board, the three major U.S. indices flattened on Friday.
By Friday’s closing bell, the Dow Jones Industrial Average managed to eke out a bare profit of 46 points. The S&P 500 and Nasdaq were not so lucky, though they fell only 0.13% and 0.23%, respectively. ....

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