Pandemic-Caused Plunge In Restaurant Jobs Leads To First Job Loss Since April – Analysis

The economy lost 140,000 jobs in December, all of which can be attributed to a plunge in restaurant employment of 372,000. Other sectors highly sensitive to the pandemic, such as hotels and recreation, also lost jobs. The unemployment rate and employment-to-population ratio (EPOP) were both unchanged at 6.7 percent and 57.4...