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According to the Labor Department the US economy lost 140,00 jobs in December, and economists had predicted it to ad 50,000 jobs. The unemployment rate now stands at 6.7%. The industry that saw the largest losses was the hospitality industry because of the new lockdowns across the country. The U.S. service sector expanded more than anticipated in December, marking a seventh straight month of expansion.

 

The Institute for Supply Management services purchasing managers’ index (PMI) came in at 57.2 for the month following a print of 55.9 in November. The increase came as new orders, supplier deliveries and inventories increased markedly in the service sector in December.

 

Oregon recreational-marijuana sales surged in 2020, peaking during a difficult summer of protests and lockdowns. The result was a record year of business for the state’s marijuana purveyors, based on data from the Oregon Liquor Control Commission, which oversees marijuana sales. Total marijuana sales in Oregon jumped from $795 million in 2019 to more than $1 billion in 2020, led higher by Multnomah County.

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