The December jobs report shows "the economy’s not just tapping on the brakes, but actually has been thrown into reverse."
The organization also warned that the recent surge in COVID-19 cases could threaten the market's recovery.
"What started as a supply-side crisis has evolved into a global demand-side problem."
"The states may be opening back up, but the labor market is still closed for millions across America."
The March decline in spending "is the tip of the iceberg. The worst is yet to come with the April data.”
