US loses 140,000 jobs, first monthly drop since spring – Winston-Salem Journal

U. S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.

Friday’s figures from the Labor Department depict a sharply uneven job market, with losses concentrated among restaurants, bars, hotels and entertainment venues, many of them affecting low-income employees, while most other sectors are still adding workers.

The nation has nearly 10 million fewer jobs than it did before the pandemic sent it into a deep recession nearly a year ago, having recovered just 56% of the jobs lost in the spring.

New York and California, among others, placed strict new limits on restaurants last month.

Millions of Americans stand to receive $600 payments, and the Treasury Department said Thursday that 8 million of those payments were going out this week.

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