- This number is ugly at first blush.

What are you seeing?

- Well, I think it shows us that the labor market improvement we've been seeing that of course, was slowing but still showing gains has now completely stalled out.

And the forecast was for about a 50,000 job gain.

We've seen 140,000 job loss in December.

I think this is clear evidence that as the second surge if you will of the virus has taken hold, the economy has clearly retrenched.