{"id":106989,"date":"2021-01-03T23:36:03","date_gmt":"2021-01-03T23:36:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=106989"},"modified":"2021-01-03T23:36:03","modified_gmt":"2021-01-03T23:36:03","slug":"economists-expect-tough-sledding-in-winter-then-a-rebound","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/economists-expect-tough-sledding-in-winter-then-a-rebound\/","title":{"rendered":"Economists expect tough sledding in winter, then a rebound"},"content":{"rendered":"
‘Barron’s Roundtable’ panel give reaction and analysis<\/p>\n
Headed into 2021, the U.S. faces a surge in coronavirus cases, new restrictions on business, cautious holiday shopping and slowing economic growth. Forecasters anticipate that the Labor Department’s December jobs report, due to be released Friday, will show the labor market closed the year on a weak footing.<\/p>\n
Continue Reading Below<\/p>\n
Economists surveyed by The Wall Street Journal expect to see employers added 68,000 new jobs in December, down from 245,000 a month earlier. That would mark the slowest month of the labor market’s recovery since May.<\/p>\n
As the COVID-19 pandemic drags into another year, however, economists see several reasons for optimism.<\/p>\n
First, the recently enacted pandemic-relief legislative package will pump $900 billion into the economy in coming months.<\/p>\n