As the job market loses steam, and Congress dithers over a new bailout package, Americans are having a harder time paying their bills. First the job market. Employers added 245,000 jobs in November, the least since the recovery from the March–April crash. As the graph below shows, that recovery has been losing momentum since June, when employment rose by 4.8 million. What looks to be happening is that the easy recalls after the initial shutdown have happened, and with the giant stimulus of the CARES Act receding, there’s not much fuel for… Read More