U.S. nonfarm payrolls fall by 140,000 in December, worse than expected

The U.S. Department of Labor announced on December 8, non-farm payrolls shrank by 140,000 last December, far less than economists estimated an increase of 50,000, the first decline in eight months, showing that the surge in the number of people infected with the new coronary pneumonia (Chinese Communist virus) on the impact of the job market, and may endanger the economic recovery.

The Labor Department said nonfarm payrolls shrank by 140,000 in December, and the unemployment rate was flat at 6.7 percent, below economists’ original estimate of 6.8 percent.