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Economy loses 140,000 jobs in December as unemployment holds at 6.7% amid COVID-19 spikes

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“U.S. employers shed 140,000 jobs in December amid COVID-19 surges and new business constraints, closing out a dismal year with the first payroll losses since the pandemic upended the economy last spring. Restaurants and bars hemorrhaged jobs, and the report kicks off a potentially brutal winter as the nation awaits wide distribution of a vaccine that should pave the way for brighter days.”

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