QQQM - Payrolls Post First Drop Since April Plunge

• U.S. nonfarm payrolls lost 140,000 jobs in December, the first monthly decline since the historic, shutdown-driven plunges in March and April.
• The latest decline brings the eight-month post-plunge recovery to 12.32 million and is far from offsetting the 22.16 million loss in March and April.
• The December jobs report shows that the labor market and the broader economy are posting mixed results with some areas continuing to slowly recover from the massive declines in March and April but other areas suffering setbacks amid rising Covid-19 cases and renewed government restrictions.

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