Hiring grinds to a halt

Change in nonfarm payrolls, 3-month moving average

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Note: Grey bars indicate recessions. Vertical axis is truncated; payroll moving average declined by more than a million jobs a month between March and June 2020 and grew by more than a million jobs a month between July and October.Source: Callie Cox Media LLC, Bureau of Labor Statistics

Andy Kiersz/BI