Manufacturing Update
Manufacturing Adds Jobs, Overall Economy Loses Jobs |
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The jobs report released this morning is a mixed bag, with manufacturing adding jobs while the overall economy lost them precipitously.
And here’s the bigger picture for 2020:
The wider economy: Nonfarm payrolls fell by 140,000, the steepest decline since April, according to CNBC.
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U.S. COVID-19 Deaths Reach a Record High |
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The United States reached another grim milestone as more than 4,000 people died from COVID-19 yesterday, reports The Wall Street Journal (subscription). It was the third consecutive day of record-high death tolls. More data:
Meanwhile, in Europe: The number of COVID-19 cases in Europe has exceeded 25 million, according to Reuters. The increase came as countries across the continent have reinstated or extended lockdowns to try to slow the spread and protect struggling health care systems.
In related (and better) news, some arthritis drugs have been found to reduce death rates among the most seriously ill COVID-19 patients, according to Reuters. A study involving around 800 severely ill COVID-19 patients found that Roche’s Actemra and Sanofi’s Kevzara arthritis drugs reduced mortality rates from 35.8% to 27.3% and reduced the amount of time patients spent in intensive care. |