December’s jobs report was grim. It was not surprising given the various government shutdowns in California, Virginia, New York, etc.
The biggest loser in the December jobs added was … leisure and hospitality.
Hey bartender! And just like that, governors and mayors made your jobs disappear.
So the 5.1% YoY growth in likely due to lower-wage workers like restaurant and bar workers losing their jobs. Thanks to economic lockdowns by governors like NY’s Cuomo and California’s Newsome.
And don’t forget shutdown Mayors like Chicago’s Lori Lightfoot!