Nearly four million Americans have stopped working or looking for jobs, a 2.2% contraction of the U.S. work force. A smaller labor market leaves fewer workers to build machines and clean tables, restraining the economy’s long-term prospects.
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The U.K. authorized a vaccine developed by Pfizer and Germany’s BioNTech for emergency use, the first clearance by a Western government of one of three promising vaccines that have recently been shown to be effective against Covid-19.