FOX Business’ Madison Alworth discusses red states like Texas, Arizona, Idaho, and Utah recovering all jobs lost during the COVID-19 pandemic.
The job losses were concentrated heavily in the leisure and hospitality industry, one of the sectors hit hardest by the pandemic. The industry shed 154,000 jobs in December as consumers opted to stay home to avoid the new variant. Beyond that, losses were broad-based: Trade, transportation and utilities eliminated 62,000 positions, while education and health services fell by 15,000 and construction shed 10,000. Manufacturing also reported losing 21,000 jobs last month.
The data precedes the Labor Department's more closely watched January jobs report, which is expected to show the economy added 150,000 jobs last month, which would be the weakest since December 2020. "Because omicron was so highly transmissible, nearly 9 million people called out sick in early January when the jobs data was being collected," Psaki told reporters. "The week the survey was taken was at the height of the omicron spike … As a result, the jobs report may show job losses, in large part because workers were out sick from omicron at a point when it was peaking."
Very dicey dicey happening not a clear clear going everywhere
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »