WASHINGTON (AP) — U.S. employers shed jobs last month for the first time
since April, cutting 140,000 positions, clear evidence that the economy is
faltering as the viral pandemic tightens its grip on consumers and
businesses.

At the same time, the unemployment rate stayed at 6.7%, the first time it
hasn’t fallen since April.

Friday’s figures from the Labor Department suggest that employers have
rehired roughly all the workers they can afford to after having laid off
more than 22 million in the spring — the worst such loss on record. With
consumer spending barely growing over the past few months, most companies
have little incentive to hire. The economy still has 9.9 million fewer jobs
than it did before the pandemic sent it sinking into a deep recession
nearly a year ago.

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