Restaurants and Bars Slashed Jobs in November

By Breitbart . . .The sector the Department of Labor describes as “food service and drinking establishments” was one of the hardest hit by the lockdowns in March and April. Even after recovering for the last five month, bars and restaurants now only employ around 10.1 million workers, more than 2 million fewer than it did last October.

Revived lockdowns and curtailed business hours have put a stop to the employment growth. The sector shed 93,000 jobs in November before seasonal adjustments. (Read more from “Restaurants and Bars Slashed Jobs in November Because of COVID” HERE)

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U.S. Job Growth Slows in November as Coronavirus Surge Threatens Economic Recovery

By Fox News. The U.S. economy added just 245,000 jobs in November, sharply missing expectations and pointing to a slowdown in the labor market’s recovery from the coronavirus pandemic as a surge of new infections triggered a fresh wave of shutdowns by state and local governments.

The Labor Department’s monthly payroll report, released Friday, also showed the unemployment rate fell to 6.7% from 6.9%. Economists surveyed by Refinitiv expected the report to show that unemployment dropped to 6.8% and the economy added 469,000 jobs.

The figures come amid a wave of coronavirus cases and the deadliest three-day stretch since the pandemic began earlier this year. More than 100,000 people are hospitalized in the U.S. and more than 210,000 new cases were reported on Thursday alone, according to data published by Johns Hopkins University.

One stark forecast by the Centers for Disease Control and Prevention shows that as many as 19,500 people could die from COVID-19 during the week of Christmas. (Read more from “U.S. Job Growth Slows in November as Coronavirus Surge Threatens Economic Recovery” HERE)

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