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US Private Companies Unexpectedly Shed Thousands Of Jobs In December

The private sector is reeling again as about 123,000 jobs were cut in December.

According to the ADP, it's believed to be the result of weakening employment trends before the latest stimulus bill passed. Economists had believed about 75,000 jobs would be brought back last month. Leisure and hospitality along with trade and transportation combined to lose over 100,000 jobs in December.

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