Data released at the end of last week pointed to a 245,000 increase in net, non-farm US payrolls in November. That marked a slowdown from October’s 610,000 increase but suggested some resilience in the economy despite a sharp increase in coronavirus infections through the month. It seems likely that December’s jobs report will show a drop in US employment, however, as surging infections lead to increased economic restrictions in some states. Last week, the California governor, Gavin Newsom, announced that stay-at-home orders would be automatically triggered when regions fell below 15%…