https://upfina.com/job-losses-are-back/
We saw this negative jobs print from a mile away. It became clear a few weeks ago that the economy would lose jobs in December because the pandemic was shutting down businesses again. The good news is these job losses were temporary losses directly related to the shutdown rather than general economic weakness. That’s why our expectation for losses was so straightforward. If a restaurant is forced to close, the jobs will be gone. There’s not much of a prediction there.
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