The employment report for December was a nasty surprise. The consensus expectation had been for a gain of 50k jobs, but we had expected there would be a loss in jobs, maybe as much as -50k. Instead it was substantially worse at -140k.
EH Trade Talk: Recent Bankruptcies and B2B Payment Disruption
In this episode of our EH Trade Talk, host Andrew Gertz talks with guest Steve Georgetti, VP and Regional Director of Information and Grading, about payment default trends and takeaways from bankruptcies in the last 12 months.
The US employment report was disappointing and way below expectations. Unfortunately, December looks even worse. With the spike in daily COVID-19 cases, there is no doubt that more shutdowns are coming.