Employers cut 140,000 jobs in December, the first decline since the pandemic hit the country last spring. Job cuts at restaurants and bars drove the drop, as many were forced to close or scale back operations during a nationwide surge in coronavirus cases.
Global regulators and other authorities have consistently reiterated that USD LIBOR would no longer be available after December 31, 2021, but recently the ICE Benchmark Administration (IBA), signaled to the market that USD LIBOR for the most liquid maturities is now likely to continue to be published until June 30, 2023.
The purchasing managers index for the U.S. manufacturing sector rose to 57.1 in December from 56.7 in November. That was the biggest improvement since September 2014.
