US December job numbers fall by 140k

US Job creation in December missed expectations coming in with a pullback of 140,000 jobs. This has sparked fears the latest surge in COVID cases is beginning to have long term scaring effects on the largest economy in the world. Pleasingly retail and manufacturing were both sectors seeing positive job creation whereas the hospitality sector predictably saw the lion’s share of the losses with half a million people losing jobs in December. With the senate and the house in Democratic hands, this negative employment number paves the way for more US stimulus in the coming months.