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US loses 140,000 jobs, first monthly loss since spring

Associated Press

U.S. employers cut 140,000 positions last month, reducing jobs for the first time since April.

Posted: Jan 8, 2021 3:07 PM

WASHINGTON (AP) - U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.

The unemployment rate stayed at 6.7%, the first time it hasn’t fallen since April. Friday’s figures from the Labor Department suggest that employers have rehired roughly all the workers they can afford to after having laid off more than 22 million in the spring - the worst such loss on record.

The economy still has 9.9 million fewer jobs than it did before the pandemic sent it sinking into a deep recession nearly a year ago.

New York Coronavirus Cases

County data is updated nightly.

Cases: 1228867

Reported Deaths: 40806
CountyCasesDeaths
Queens1534247815
Kings1503768020
Suffolk1243842560
Nassau1113932529
Bronx1027395252
Westchester829331780
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Putnam629472
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Warren198237
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Otsego160021
Washington142421
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Franklin10869
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Schuyler69910
Hamilton1451
Unassigned3992
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