U.S. Economic News

January 8, 2021

U.S. Economic Indicators

The U.S. economy lost 140,000 jobs in December, below expectations. The unemployment rate was unchanged at 6.7%, and the labor force participation rate was unchanged at 61.5%. BLS Report

U.S. News

The Wall Street Journal reports that long-term bond yields rose sharply this week, to their highest levels since last March, following Democratic victories in the Georgia Senate runoffs. With Democratic majorities in both the House and the Senate, investors are expecting higher government spending to drive a rebound in inflation and economic growth. WSJ