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Added on the 09/07/2020 15:16:44 - Copyright : France 24 EN
A Middle East Airlines plane carrying an expected first batch of 28,500 doses of Pfizer/BioNTech flown in from Belgium lands in Beirut airport, a day before vaccinations kick off in the crisis-hit Mediterranean country. IMAGES
As if the end of the year weren't hard enough, the December jobs report from the Bureau of Labor Statistics said 140,000 jobs were lost last month. According to Business Insider, the data shows all of those lost jobs were held by women. Among the newly-unemployed, Black and Latina women working in retail and education sectors were hit the hardest. The US posted a surprise decline in payrolls in December and all of the 140,000 jobs lost were held by women. As the COVID-19 pandemic continues to spread, the US economic recovery has been mostly stagnant. Small businesses nationwide have been hit particularly hard. Many are being forced to lay off staff or close altogether to curb the pandemic's spread.
A new survey of just over 2,000 Americans reveals over half would be willing to live in a tiny home. According to Business Insider, such interest in tiny homes has been on the rise since the start of the coronavirus pandemic. Source: Getty Images What's more, 72% said they would consider using a tiny home as an investment property. Affordability, efficiency, eco-friendliness, and minimalism were cited, in that order, as the four most attractive factors that the tiny home lifestyle has to offer. Privacy and mobility, however, fell lower on the list.
It's generally thought that once the COVID-19 vaccine becomes available, front-line healthcare workers and nursing home residents will be first in line. But according to Gizmodo, bank tellers may get to skip the line--past them, and past the over-65's and those with underlying conditions. The industry trade group American Bankers Association has asked federal health authorities to designate consumer-facing bank employees as 'essential workers.' Such a designation would give them vaccine prioritization once the Federal Food and Drug Administration grants emergency-use authorization. To date, the U.S. has seen nearly 15 million COVID-19 cases and 280,000 deaths--the most in the world. The CDC predicts 19,500 new deaths will be reported during the week of Christmas, and that another 300,000 COVID-19 cases will be added in December.
US stocks climbed on Friday after disappointing November jobs data buoyed hopes for a near-term stimulus deal. The S&P 500, Dow Jones industrial average, and the Nasdaq composite all closed at all-time highs. The US unemployment rate edged downward from 6.9% to 6.7% meeting economists' forecasts. The S&P 500 closed at 3,699.12, up 0.9% on Friday. The Dow Jones industrial average closed at 30,218.26, up 0.8% (249 points). While the Nasdaq composite saw closing numbers of 12,464.23, up 0.7%.
On Wednesday Credit Suisse Strategists revealed the key to investing in 2021 is preparing for a virus-free economy in 2022. In a note to clients, the team initiated a 2021 S&P 500 price target of 4,050. Business Insider reports that the target implies a 12% rally from Tuesday's closing level. Various coronavirus vaccines are vying for regulatory authorization. That led Credit Suisse to "de-emphasize the near-term" and focus on how the US economy would launch out of its virus slump. The team said "the virus will be a fading memory" in 2022 and the rotation to cyclical stocks will be "largely behind us."
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