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January 11, 2021

US loses 140K jobs; first drop since spring

  • But some industries added jobs in December, including construction, architecture and engineering.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — 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.

    At the same time, the unemployment rate stayed at 6.7%, the first time it hasn't fallen since April.


     
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