Rolling coverage of the latest economic and financial news
- Latest: FTSE 100 closes down 14.3% this year
- Introduction: UK stock markets wraps up tough year
- FTSE 100 down 14% in 2020, worst since 2008
- Worst performance of major stock markets
- But pound hits 31-month high vs US dollar
Here’s our news story on the dire state of the US labor market:
Related: Year ends on low note as 787,000 more Americans file for unemployment
Fernando Comas of Secaucus, New Jersey, worked as a video engineer in the entertainment industry before the pandemic and has been furloughed since March until at least 2021.
Six weeks ago, his benefits were exhausted. He has been unable to receive answers from his state unemployment agency to try to resolve the issue.
2020 has been a most dramatic year in the markets – with the worst slump in decades followed by a strong recovery as economies began to recover from the pandemic.
Just before Christmas I asked Tom Stevenson, investment director for personal investing at Fidelity International, what lessons we could take from this year. Here’s his advice:
