If It’s Only A Down Payment, What’s Next?
President-elect Biden has said that the recently passed COVID relief package was only a down payment, that more would need to be done. Any doubt that this was true, was eliminated when the U.S. Bureau of Labor Statistics reported that the decline in payroll employment (140,000) reflects the recent increase in COVID cases, and efforts to contain the pandemic (mandated closures). The December, job losses were primarily confined to the leisure and hospitality sectors.