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What to Make of December’s Dismal Jobs Report

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Employers in December cut 140,000 jobs from their payrolls, versus an expectation by economists for an addition of 50,000. The unemployment rate was unchanged at 6.7 percent and the number of unemployed individuals remained at 10.7 million, the U.S. Bureau of Labor Statistics (BLS) said on Friday. “Although both measures are much lower than their…

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