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The unemployment rate held steady at 6.7%, marking the first month that the rate has not improved in seven months.
The US economy is still down 9.8 million jobs since February.
Workers who have lost their jobs through no fault of their own still need the government’s help to make ends meet. And while the stimulus package that was signed into law in the last week of 2020 expands and expands unemployment benefits, there is likely still work to be done.
The Democratic Senate sweep, which gives the party both the White House and Congress, has paved the way for a swift implementation of President-elect Joe Biden’s economic agenda, which will likely include more stimulus in the near term . Biden also plans to inject dollars into the infrastructure and clean energy industries to create millions of jobs in the medium to long term.
This is a developing story. It will be updated.
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