The Jobs Report – December 2020

What you need to know:

  1. This is the first monthly job loss since April.
  2. With renewed lockdowns across the country, the hardest hit industry was Leisure & Hospitality which lost 498,000 jobs!
  3. Hardest hit within that industry was Food Services and Drinking Places, down 372,000 !
  4. Gains were seen in Construction (+51,000), Temporary Help Services (+68,000), Healthcare (+39,000) and Manufacturing (+38,000).
  5. On a positive note, net revisions to the prior two months added +135,000 jobs.
  6. The 10-Year Treasury was at 1.09% prior to the release, and sits at 1.08% as of today at 8am CST.
  7. Financial markets continue to look beyond current headwinds and focus on a post-vaccine environment.

Below is a link to the full statistical summary provided by the Bureau of Labor Statistics:*

http://www.bls.gov/news.release/empsit.b.htm


*The information contained herein has been prepared from sources believed to be reliable but is not guaranteed and is not a complete summary or statement of all available data nor is it considered an offer to buy or sell any securities referred to herein. Links included herein are to unaffiliated third party sites. The Firm cannot verify or guarantee the accuracy of any information presented therein. By clicking on these links, the reader understands and acknowledges they are leaving Ziegler Capital Management’s web page.