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U.S. employers added 49,000 jobs last month, after a pandemic-driven slump in December. Unemployment fell to 6.3%.
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The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a rise in coronavirus infections weighed on in-person businesses like restaurants.
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The U.S. economy is likely to have slowed in the last three months of the year, ending 2020 smaller than it began. But for some companies, business is now back to pre-pandemic levels.
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At her confirmation hearing Tuesday, Treasury Secretary-designate Janet Yellen warned that without more federal help, the recession would last longer and be more painful than necessary.
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Restaurants and bars are reeling from spikes of coronavirus cases in their communities. Earlier holiday sales meant online shopping and electronics sales dipped in December. Retail sales fell 0.7%.
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Retail sales dipped 1.1% in November compared with a month earlier as new coronavirus surges restricted outings to stores and especially restaurants.
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With a closely divided Congress, President-elect Joe Biden's economic agenda may depend on what his incoming administration can do on its own.
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China's trade surplus hit a record in November as exports to the U.S. soared by 46%. U.S. exports to China are also growing, but not as quickly.
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U.S. employers added just 245,000 jobs last month as the runaway pandemic continued to weigh on hiring. The unemployment rate fell to 6.7% from 6.9% in October.
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China is predicted to account for more than a third of global economic growth next year, while the U.S. and European countries will lag behind, according to the OECD.