The Expected Double-Dip Recession Has Arrived

January 12, 2021

The Bureau of Labor Statistics released December 2020 employment data today, indicating that America lost 140,000 jobs on net during a tumultuous year’s final month. The nation has officially lost the economic momentum it had been generating since May, with retail sales, employment and many other indicators moving in the wrong direction. Have worse things happened over the past three days? Yup, but even economists tend not to grade the nation’s employment performance on a curve.

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