Pandemic Pricetag: U.S. Employers Cut 140,000 Jobs In December

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January 8th, 2021

With coronavirus cases surging in December, restaurants, movie theaters and other businesses that rely on in-person traffic struggled, weighing on the U.S. job market.

OLIVIER DOULIERY / AFP via Getty Images

U.S. employers cut 140,000 jobs in December as the runaway coronavirus pandemic continued to weigh on the U.S. labor market.

It was the first monthly job loss in eight months. The unemployment rate held steady at 6.7%.

With thousands of Americans dying from COVID-19 each day, businesses that depend on in-person contact have struggled.

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